Ethereum Targets $4,800 Breakout: Wyckoff Phase D and Strong Liquidity Support Fuel the Rally

Ethereum isn't just knocking on the door of $4,800—it's ready to kick it down. A classic Wyckoff accumulation pattern suggests the smart contract giant is entering its final preparatory phase before a major leg up, backed by a wall of institutional liquidity that traditional finance can only watch with envy.

The Wyckoff Blueprint: Phase D is the Launchpad

Market technicians are pointing to the chart. The prolonged consolidation—Wyckoff's Phase C—appears complete. Now, Phase D is in play. This is the 'springboard' period, where the asset builds energy for a decisive break above resistance. For Ethereum, that resistance cluster sits squarely around the $4,800 mark. A clean breakout here doesn't just mean a new high; it signals a structural shift in market control from weak to strong hands.

Liquidity: The Fuel That Wall Street Misunderstands

What's powering this move? Liquidity. Not the kind that gets printed by central banks and devalued over a decade, but on-chain, verifiable capital flowing into staking protocols and Layer 2 networks. This isn't speculative hot money—it's infrastructure investment. It creates a supportive bid under the market that's far more resilient than the leveraged paper promises propping up some traditional assets (looking at you, commercial real estate).

The $4,800 Threshold: More Than a Number

Breaking $4,800 isn't just a psychological victory. It represents a full recovery and surpassing of previous cycle highs, invalidating the 'crypto winter' narrative for good. It opens the technical path toward price discovery zones that make current levels look like a bargain. The combination of a completed accumulation pattern and robust underlying demand turns a target into a probable destination.

The stage is set. The pattern is clear. While traditional finance debates quarterly earnings and interest rate cuts, Ethereum's market is executing a textbook breakout play, funded by a new type of capital. The move to $4,800 and beyond looks less like a prediction and more like the next page in the script.

Wyckoff Phase C Marks Key Last Point of Support

The Phase C in the Wyckoff strategy identified an essential Last Point of Support or LPS. Here, it can be observed that the LPS hinted that the sellers were almost exhausted, and the large buyers were encouraging higher lows. The resulting rally from this LPS pushed Ethereum towards the higher end of the accumulation chart.

Currently, in Phase D, ETH’s LPS increases with smaller corrections, indicating greater buyer confidence. A Sign of Strength near the resistance level might indicate a definite breakout where buyers overwhelm sellers.

According to analysts, pushing through $4,800 WOULD confirm the bullish continuation pattern and trigger Phase E, which is indeed the markup phase. In Phase E, ETH’s price may increase with better momentum, reflecting accumulation over several years from 2022-2023.

Macro Liquidity Drives Ethereum’s Short-Term Moves

The macros remain important for ETH in the short term. As cited by Milk Road, the largest drops seen by Ethereum each quarter are normally witnessed during global tightening cycles and rate stress, and not due to cryptocurrency issues, which occurred in 2018, 2022, and 2025. It essentially represents a high beta tech stock.

Ethereum’s price has increasingly tracked the amount of capital actually sitting on the network.

If TVL expands meaningfully, Ethereum’s economy grows.

Deeper liquidity, stronger collateral base, and more durable demand for blockspace and security.

Big drivers of that TVL… https://t.co/wa4lgk5IFf pic.twitter.com/XiFzH9yfLO

Ethereum basics appear stronger based on on-chain data. The Total Value Locked (TVL) in Ethereum continues to rise, with increasing capital inflows from stablecoins, Treasuries, real-world assets, and asset management platforms.

Increasing capital infusion makes Ethereum’s collateral stronger, provides a constant source of demand for block space, and helps establish a stronger price floor for ETH. As non-speculative funds increase, it makes Ethereum stronger in both bull and bear markets.