Is Ethereum Price Set To Repeat History As 2017 Playbook Returns? Why This Time Could Be Bigger 📈
The Ethereum price is echoing its 2017 market cycle, as analysts observe similar technical setups. Crypto analyst Merlijn the Trader highlights Ethereum's 50-week Moving Average (MA) reclaim on a side-by-side chart for 2025 and 2017, suggesting a breakout reminiscent of its historic rally.
Currently, Ethereum consolidates below the 50 MA after breaking from support around $2,250. This consolidation mirrors 2017's price movement just before Ethereum's upward surge. The analyst's historical chart suggests a potential parabolic rally once momentum builds.
Today's market, marked by institutional involvement, retail adoption, and a robust ecosystem, could make this breakout larger. This consolidation phase below key resistance could lead to a significant macro rally.
Merlijn The Trader anticipates Ethereum might break $4,000, echoing its past from lows of $6-$7.5 in 2017. If history repeats, Ethereum's ascent could reach new highs, adjusting current market dynamics.
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