Author: Moty Levanon
Date: January 18, 2026
The current market structure for Ethereum ($ETH$) reveals a sophisticated transition from a period of heavy institutional positioning into a potential high-momentum phase. By analyzing the intersection of volume dynamics and advanced price action patterns, we can gain a clearer understanding of the underlying forces driving the current trend.
1. The Institutional Footprint: Volume Profile Analysis
The defining characteristic of the current ETH market is what we identify as "The Marathon Accumulation." Unlike speculative spikes, this phase is marked by a deliberate and sustained absorption of supply by large-scale participants.
Key Structural Insights:
The Point of Control (POC): This is the level where the highest concentration of trading volume has occurred. It represents the "fair value" where institutional smart money has established its primary positions, creating a robust foundation for the current price floor.
Massive Accumulation Zone (HVN): The High-Volume Nodes visible in the profile confirm a period of intensive "marathon" buying. This area acts as a psychological and technical anchor, suggesting that the current move is backed by significant capital commitment rather than mere retail sentiment.
The Volume Vacuum (LVN): Beyond the current consolidation range, we observe a "Volume Vacuum" or Low-Volume Node. In technical terms, this represents a lack of historical resistance. When price enters such a zone, it often moves with increased velocity due to the absence of significant sell orders.
2. Price Action and Harmonic Formations
The daily chart provides further confirmation of this bullish structural shift, utilizing both harmonic theory and classic continuation patterns.
Harmonic Shark Pattern
The completion of a Harmonic Shark Pattern in the preceding months served as the primary catalyst for the trend reversal. This pattern accurately identified the exhaustion of the previous downtrend and established the framework for the recovery we are witnessing today.
Rising Three Methods
Within the current trend, we can observe a "Rising Three Methods" formation. This is a classic Japanese Candlestick continuation signal. It demonstrates a healthy market rhythm: a strong impulsive move followed by a brief, low-intensity pause that fails to break the upward trajectory. This indicates that buyers remain in firm control of the narrative.
Trend Convergence
The price action is currently supported by a cluster of moving averages. The upward slope of these ribbons confirms that the medium-term momentum is aligned with the long-term structural breakout.
3. Market Outlook
Ethereum is currently exhibiting a high degree of technical confluence. The "Marathon Accumulation" has effectively cleared out overhead supply, and the transition into the "Volume Vacuum" suggests a period of price discovery. As long as the market maintains its structure above the institutional Point of Control, the path of least resistance remains upward, supported by both volume-based value and geometric price patterns.
Legal Disclaimer
NOT FINANCIAL ADVICE. The information, analyses, and opinions expressed in this post are for informational and educational purposes only and do not constitute investment, financial, or trading advice. Cryptocurrency markets are extremely volatile and involve a high degree of risk. The author, Moty Levanon, is not a licensed financial advisor. Any actions taken based on the content of this post are at the sole discretion and risk of the reader. Past performance is never a guarantee of future results. It is strongly recommended that you conduct your own thorough research (DYOR) and consult with a professional financial consultant before making any investment decisions. The author shall not be held responsible for any financial losses, damages, or decisions made in reliance on this information.
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