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The Ethereum price action is displaying exceptional similarities to its 2017 market cycle, with analysts pointing to a near-identical technical setup and market behaviour. Crypto analyst Merlijn the Dealer, who shared a side-by-side weekly chart comparability of 2025 and 2017 on X (previously Twitter), means that Ethereum is now following the identical breakout pattern that when led to a historic rally. This time, nevertheless, the analyst believes that the transfer might be much more vital.
Ethereum Value Mirrors Historic Breakout Sample
Within the present 2025 chart, Ethereum has reportedly claimed the 50-week Shifting Common (MA) after months of downward pressure and range-bound motion. Following a decisive breakout from assist ranges close to $2,250, the worth of the cryptocurrency is now consolidating under the 50 MA, forming a good sideways sample.
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In line with Merlijn the Dealer, this construction is visually and technically much like worth actions that occurred in late 2016 and early 2017, simply earlier than Ethereum started a strong upward surge. The analyst’s 2017 Ethereum chart reveals the altcoin breaking above the 50 MA, adopted by a short interval of sideways motion underneath resistance. As soon as momentum was constructed, the price launched into a parabolic rally that marked the start of its main bull cycle.
Notably, the 2025 chart located on the proper panel shows an virtually similar playbook to the 2017 setup, with Ethereum transferring out of a protracted accumulation phase and right into a zone of consolidation beneath key resistance ranges. Nonetheless, this time, market situations are considerably completely different.
The analyst notes that the crypto space is far more developed, with elevated institutional involvement, broader retail adoption, and rising infrastructure supporting Ethereum’s ecosystem. Whereas the technical patterns align carefully with the 2017 breakout, the dimensions and context counsel that the potential upside might even be larger.
The similarities between Ethereum’s 2017 and 2025 worth motion lie within the timing of the 50 MA reclaim and the tight vary of consolidation that follows. If ETH can preserve this trajectory and break above the present resistance zone, it might mark the start of a contemporary macro rally, which the analyst predicts is not going to simply repeat historical past however presumably amplify it.
Ethereum Eyes $4,000 As 2017 Sample Repeats
Based mostly on Merlijn The Dealer’s comparable chart evaluation, Ethereum could also be on the verge of a serious breakout, with technical patterns pointing to a potential price target above $4,000. Within the 2017 setup, Ethereum skyrocketed previous $28 from a low between $6 and $7.5 after reclaiming the 50 MA.
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If historical past is any information, Ethereum’s subsequent transfer might propel it from its present worth of $2,541 to $4,000, which aligns with the higher crimson horizontal line on the 2025 worth chart or above the road to fresh all-time highs, with no ceiling in sight, in response to the analyst.
Featured picture from Getty Photographs, chart from Tradingview.com