Ethereum is exhibiting a Wyckoff re-accumulation pattern near the $4,000 mark, indicating potential for significant price growth. On-chain metrics reveal robust liquidity and activity, with Total Value Locked (TVL) in DeFi protocols reaching $85.382 billion and daily DeFi volume exceeding $4 billion. The number of active addresses stands at 519,127, with inflows totaling $105.59 million. Analysts suggest that sustained buying pressure could propel Ethereum's price to between $8,000 and $10,000.
Ethereum Targets $8,000 Amid Wyckoff Re-accumulation Pattern
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