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Is Ethereum Price Set To Repeat History As 2017 Playbook Returns? Why This Time Could Be Bigger
- Crypto analysts see remarkable similarities between Ethereum's current price action and its 2017 market cycle.
- Merlijn the Trader shared a chart comparison showing Ethereum following a breakout pattern similar to 2017.
- Ethereum has reclaimed the 50-week Moving Average (MA) after consolidation near $2,250 in 2025.
- Analysts note Ethereum's consolidation phase beneath key resistance mirrors the setup before its 2017 rally.
- Despite technical similarities, the crypto market in 2025 is more developed with increased institutional involvement.
- The analyst suggests that Ethereum's potential upside this time could be even greater than in 2017.
- The timing of the 50 MA reclaim and consolidation range align closely between 2017 and 2025 for Ethereum.
- If Ethereum breaks above current resistance levels, it could signal the start of a new macro rally.
- Merlijn The Trader's chart analysis indicates Ethereum may target a price above $4,000.
- In 2017, Ethereum surged past $28 from single-digit lows after reclaiming the 50 MA.
- The analyst predicts Ethereum's price could potentially reach $4,000, and then surpass it to achieve fresh all-time highs.
- The chart patterns suggest a possible significant breakout for Ethereum in the near future.
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