Ethereum Sets Up for Potential 70% Rally as Accumulation Zone Breaks
Ethereum is showing signs of a potential rebound as it attempts to stabilize after bouncing from an accumulation zone around $1,400-$1,600. This region has served as support during previous market fluctuations in 2023-2024 and again in 2025.
According to the weekly price chart, Ethereum's falling wedge breakout setup is currently being tested. A rebound from the accumulation range could initially send ETH toward the wedge's upper trendline, approaching the $2,300-$2,500 region.
A decisive breakout above this resistance would strengthen the reversal thesis, putting the 0.50 Fibonacci retracement level near $2,885 into focus, followed by the 0.618 Fib level around $3,312. This latter level represents a roughly 70%-75% rally from current prices.