What happened?
Ethereum has started to recover after a recent pullback, gaining about 4% over the past week. A well-known trader, Poseidon, says buyers have been accumulating in a Wyckoff-style base and expects a bullish breakout. He flags $3,800 as key support and says a move above $4,800 with strong volume could set up a run toward $8,000.
Who does this affect?
Short-term traders and swing traders watching support and resistance levels will be most directly impacted by any breakout or failure. Long-term ETH holders and institutional investors care because a confirmed rally could mean major upside and shift allocation decisions. Early-stage crypto investors and presale participants, plus creators using tokenized platforms like SUBBD, could see sentiment and liquidity benefits if momentum returns.
Why does this matter?
If ETH breaks out with volume it could attract fresh capital, push broader crypto risk-on flows, and lift altcoins and presale projects. That flow could increase liquidity and valuations across the market, amplifying gains for early tokens and crypto-native platforms. On the flip side, failure to hold $3,800 or a weak, low-volume move above $4,800 would likely keep markets rangebound and could trigger renewed selling pressure.