Ethereum is poised for a significant price movement as it forms a Wyckoff accumulation pattern, suggesting a potential breakout. According to Merlijn The Trader, ETH has been consolidating between $3,050 and $3,400. A successful breakout into Phase E of the Wyckoff pattern could propel Ethereum's price towards the $10,000 mark. Traders are closely monitoring the situation for confirmation of this bullish setup.