Ethereum Price Forecast: Classic Wyckoff Setup Warns of 10% ETH Dip

ETH rallied sharply from around $1,900 to above $2,500 in late August, gaining roughly 30% within days.

But the upside momentum has since stalled, with Ether consolidating between approximately $2,400 and $2,530. The sideways structure increasingly resembles a Wyckoff distribution pattern, which typically forms near the end of an uptrend as stronger market participants gradually sell into remaining demand.

The first surge toward the $2,530 area appears to mark a potential buying climax (BC), where aggressive demand peaked following ETH's near-vertical rally.

Ether then pulled back toward the $2,400 region, establishing what could be the pattern's automatic reaction (AR).