Fun

Ethereum Mirrors Bitcoin 2017-2021 Pattern – $4,000 Is The Trigger Point

News Feed - 2025-06-20 12:06:49

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.


Ethereum is trading within a tight range that has held for several weeks, forming the kind of compression structure that often leads to a significant breakout. Despite heightened volatility in global markets driven by escalating tensions in the Middle East, ETH has remained resilient, holding strong above key demand zones around the $2,500–$2,600 area. The current environment is marked by uncertainty, with geopolitical conflict and macroeconomic risks weighing on investor sentiment. Yet Ethereum’s price structure suggests that bulls are patiently building momentum. Related Reading Bitcoin Consolidates as Realized Profits Stay Low – No Signs Of Major Sell-Off Yet 23 hours ago


Top analyst Ted Pillows shared a technical outlook, pointing out that Ethereum is mirroring the same consolidation pattern that Bitcoin followed during its 2017–2021 cycle. In that historical setup, BTC compressed into a tight range before entering a parabolic rally once the upper boundary was broken. If Ethereum follows a similar path, the next move could be dramatic, especially if it clears major resistance levels like $2,800.


As long as ETH holds range support and absorbs both upside and downside wicks, this setup remains intact. A breakout above the current range could ignite a fresh leg up for Ethereum—and possibly spark renewed strength across the altcoin market. Ethereum Builds Momentum As Market Awaits Clarity


Ethereum is currently trading in a tight range, consolidating just above the $2,600 level and holding firm despite macroeconomic and geopolitical headwinds. After rallying nearly 80% from its April lows, ETH appears to be preparing for a decisive move in the coming sessions. However, with escalating tensions between Israel and Iran and uncertainty surrounding possible U.S. involvement, broader markets remain cautious. Until clarity emerges on the geopolitical front, sideways price action may persist.


Still, Ethereum’s price structure remains constructive. Strong consolidation above key demand zones reflects ongoing buyer interest and a lack of heavy selling pressure. This behavior often precedes major moves, as investors accumulate ahead of expected volatility. Some market participants remain cautious, warning of a possible retrace below the $2,400 level if demand falters or broader risk sentiment weakens.


In contrast, bullish analysts like Ted Pillows suggest a more optimistic outlook. According to Pillows, Ethereum is closely following the path Bitcoin took during its 2017–2021 cycle, where tight consolidation ultimately led to a breakout and parabolic rally. In this view, ETH’s real explosive phase won’t begin until it breaks above $4,000. If this scenario plays out, Ethereum could trigger a broader altcoin surge and shift overall crypto market sentiment bullish once again. Ethereum weekly chart compared to Bitcoin 2017-2021 | Source: Ted Pillows on X Related Reading Tron Shows Real Growth: Transaction Volume Soars While Success Rate Stays Above 96% 1 day ago ETH Technical Analysis: Consolidation Near Key Levels


The 3-day Ethereum chart shows a prolonged consolidation phase as ETH trades near the $2,500 mark. Despite geopolitical uncertainty and rising macroeconomic risks, Ethereum has held above the $2,400 support zone, forming a tight range just below the critical resistance at $2,775. This area also coincides with the 200-day SMA (red line), which continues to cap upward momentum. ETH consolidates below the $2,800 mark | Source: ETHUSDT chart on TradingView


ETH remains above the 50-day (blue) and 100-day (green) SMAs, suggesting bullish momentum is intact, though lacking follow-through. The recent candle bodies show decreasing volatility, with wicks on both sides being absorbed—a classic sign of compression that often precedes a large move.


Related Reading: Ethereum Golden Cross Approaching – Will History Repeat?


Volume has declined slightly compared to the breakout in early May, indicating a temporary pause in bullish conviction. However, if Ethereum manages a higher close above the $2,775 resistance, it could trigger an impulsive breakout targeting the $3,000 level. On the downside, a break below $2,400 would invalidate the current structure and expose ETH to a deeper correction toward $2,100.


Featured image from Dall-E, chart from TradingView

News Feed

Terra Founder Hints at $3 Billion BTC Purchase, Explains New Bitcoin-Linked Tokenomics
Terra Founder Hints at $3 Billion BTC Purchase, Explains New Bitcoin-Linked Tokenomics Terra founder Do Kwon hinted at a future purchase of $3 billion worth of bitcoin to supply th
William Suberg16 hours agoBitcoin ‘full breakout’ not here yet as BTC price spends month at $30KBTC price targets extend down to $27,000 with Bitcoin in a state of “flux.”2847 Total views33 Total sharesListen to
Nivesh Rustgi4 hours agoBitcoin forks BCH, BSV and XEC soared last month, but are the gains organic and sustainable?Bitcoin forks, BCH, BSV and XEC rallied over the last 30 days while KAS and FLEX led among altcoin gaine
How Close Is Bitcoin To A Bear Market? This Historical Level May Contain Hints
Este artículo también está disponible en español. A Bitcoin on-chain level has historically served as the boundary for bear markets. Here’s how far the asset’
Russia Takes Down 4 Carding Sites With Over $260 Million in Crypto Turnover
Russia Takes Down 4 Carding Sites With Over $260 Million in Crypto Turnover Law enforcement in Russia has blocked major sites on the dark web, including a carding market leader. Th
JPMorgan: Global Regulation Urgently Needed for Banks to Help Clients Invest in Crypto
JPMorgan: Global Regulation Urgently Needed for Banks to Help Clients Invest in Crypto A globally consistent crypto regulatory framework is urgently needed to allow banks to handle
Ethereum Price Gains Bullish Momentum: Is a Breakout Near?
Este artículo también está disponible en español. Ethereum price started a steady increase above the $2,450 resistance. ETH is holding gains and might gain bullish moment
Blockchain Entrepreneur to Regulators: ‘Crypto Community a Useful Ally’
Blockchain Entrepreneur to Regulators: "Crypto Community a Useful Ally" To many people, the year 2020 will probably go down in history as one of the most consequ
Ethereum DApp volume surges by 83%, but there could be a catch
Marcel Pechman3 hours agoEthereum DApp volume surges by 83%, but there could be a catchEthereum network volumes have soared, but a single decentralized application accounted for 59.5% of the entire network’s volume.920
Tom Mitchelhill3 hours agoCoinGecko now has an index for crypto tokens alleged as securitiesAccording to CoinGecko, nearly $85 billion worth of crypto falls under the category of “alleged SEC securities.”1605 Total v
Prominent short-seller Citron targets Coinbase stock after exchange outage
Zhiyuan Sun6 hours agoProminent short-seller Citron targets Coinbase stock after exchange outageThe crypto exchange quickly repaired the outage on Feb. 28 with no further disruption to users.3652 Total views2 Total share
TCG World partners with Chooky Records to bring Busta Rhymes, others to the metaverse
Tristan Greene4 hours agoTCG World partners with Chooky Records to bring Busta Rhymes, others to the metaverseThe legendary hip hop artist who once rapped on A Tribe Called Quest’s seminal hit “Scenario” is now in