Ethereum's Weakness Ahead: Wyckoff Setup Warns of 10% Dip

Ethereum's price chart has been tracking the Wyckoff Distribution Model, which suggests that a buying climax may have already occurred.

The model indicates that ETH surged to the $2,530 area, marking a potential buying climax where aggressive demand peaked following a near-vertical rally.

However, Ethereum pulled back toward the $2,400 region, establishing what could be an automatic reaction in the pattern.

Since then, ETH has made several attempts to revisit the $2,500-$2,530 resistance area without achieving a sustained breakout, indicating that buyers are struggling to push the market beyond its post-rally highs.