It is with no small measure of astonishment that one observes the price of Ethereum, which appears to be engaging in a most remarkable imitation of its 2017 market cycle. Analysts, those ever-watchful sentinels of the financial realm, have noted a striking resemblance in the technical setup and market behavior. The esteemed crypto analyst, Merlijn the Trader, has taken it upon himself to present a side-by-side comparison of the weekly charts for the years 2025 and 2017 on the platform formerly known as Twitter. He posits that Ethereum is, indeed, following the same breakout pattern that once heralded a historic rally. Yet, this time, he dares to suggest that the forthcoming move may be of even greater significance! 😲
Ethereum’s Price: A Mirror to History’s Breakout Pattern
In the chart of the present year, 2025, Ethereum has reportedly reclaimed the 50-week Moving Average (MA) after enduring months of downward pressure and a rather tedious range-bound movement. Following a decisive breakout from support levels near $2,250, the price of this cryptocurrency now finds itself consolidating below the 50 MA, forming a rather tight sideways pattern. How thrilling! 🎢
According to the astute Merlijn the Trader, this structure bears a striking visual and technical similarity to the price movements observed in late 2016 and early 2017, just prior to Ethereum’s powerful ascent. His chart from 2017 illustrates the altcoin breaking above the 50 MA, followed by a brief period of sideways action beneath resistance. Once the momentum was established, the price soared into a parabolic rally, marking the commencement of a major bull cycle. One can hardly contain one’s excitement! 📈
Notably, the chart for 2025, displayed on the right, reveals an almost identical playbook to that of 2017, with Ethereum emerging from a prolonged accumulation phase and entering a zone of consolidation beneath key resistance levels. However, one must acknowledge that the market conditions this time are decidedly different. 🧐
The analyst observes that the crypto space has matured considerably, with increased institutional involvement, broader retail adoption, and a burgeoning infrastructure supporting Ethereum’s ecosystem. While the technical patterns align closely with the 2017 breakout, the scale and context suggest that the potential upside could be even more pronounced. How delightful! 🎉
The parallels between Ethereum’s price actions in 2017 and 2025 are evident in the timing of the 50 MA reclaim and the subsequent tight range of consolidation. Should ETH maintain this trajectory and break above the current resistance zone, it could herald the dawn of a fresh macro rally, which the analyst predicts will not merely repeat history but amplify it to unprecedented heights! 🌟
Ethereum Sets Its Sights on $4,000 as 2017 Pattern Repeats
According to the astute observations of Merlijn the Trader, Ethereum may be on the cusp of a major breakout, with technical patterns indicating a potential price target exceeding $4,000. In the 2017 setup, Ethereum soared past $28 from a low between $6 and $7.5 after reclaiming the 50 MA. Quite the transformation, I must say! 💸
If history serves as a reliable guide, Ethereum’s next move could propel it from its current price of $2,541 to the lofty heights of $4,000, aligning with the upper red horizontal line on the 2025 price chart, or perhaps even beyond, to fresh all-time highs, with no ceiling in sight, as the analyst so boldly asserts. How thrilling it is to witness such potential! 🚀
Read More
- Whales Moving 38 Million LINK in a Day… Is Chainlink About to Explode? Or Nah?
- Circle’s IPO: The Plot Twist Ripple Didn’t See Coming! 😱
- This Frog’s Got Hops: 1.5 Trillion PEPE Pulled from Binance—What’s the Whale Up To?
- DOT PREDICTION. DOT cryptocurrency
- Gold Rate Forecast
- CNY JPY PREDICTION
- Silver Rate Forecast
- Brent Oil Forecast
- INR RUB PREDICTION
- USD PHP PREDICTION
2025-06-18 23:14