After hitting above $3,800, the Ethereum worth appears effectively on monitor for the subsequent section of the cycle. The continuing development has been carefully mirroring what was seen again in 2016-2017 earlier than the surge that despatched the altcoin’s worth to new all-time highs. This stays a significant deal on condition that if the development does play out equally to what was seen within the 2017 cycle, then it implies that the Ethereum worth rally is barely simply starting.
Ethereum Value Mirrors Bullish 2017
Again in 2017, earlier than the bull market, the Ethereum worth had struggled to remain on monitor with the Bitcoin worth. This resulted in a lag as the value saved taking a beating with every uptrend. Ultimately, the Ethereum worth ended up ranging for some time, with two fakeouts earlier than the value was in a position to finally breakout.
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Equally, the Ethereum worth has ranged for the final yr, with a number of fakeouts which have already saved the value low. Identical to 2017, once more, a crash despatched the altcoin’s worth down by nearly 50% to create what gave the impression to be the right bear lure, as illustrated on this chart by crypto analyst Merlijn The Dealer on X (previously Twitter).
The analyst factors out these similarities within the Ethereum chart, displaying that the identical vary, fakeout, and breakout have now performed out for the cryptocurrency similar to they did in 2016-2017. Given this, it’s seemingly that the subsequent section within the development may also comply with the 2017 playbook.
After the bear lure and eventual breakout in 2017, the Ethereum worth had rallied by 5,000%, going from underneath $8 to over $250 in lower than one yr. Making use of an analogous breakout construction to Ethereum in 2025 would imply rising as excessive as $40,000.
Nevertheless, adjusting for the way excessive the market cap presently is, a conservative goal would imply that the Ethereum worth is at the very least in a position to cross the $10,000 degree, which might be solely a 200% enhance from its present degree. Making use of the identical timeframe as in 2017 would imply that it may play out within the subsequent six months.
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Moreover, Ethereum now has one thing that it didn’t have again in 2017, and that’s institutional backing. Presently, Ethereum is rapidly turning into a favourite amongst institutional buyers as ETH treasury firms have poured over $7 billion into the altcoin, in keeping with information from The Block. In July 2025 alone, over $2 billion has flowed into Spot Ethereum ETFs, displaying a ramp-up in institutionalized curiosity.
As a consequence of this rise in institutional investments, Merlijn The Dealer has defined that establishments at the moment are those behind the wheel with the identical setup from 2017. This implies greater liquidity as these main gamers are anticipated to drive and decide the ETH worth this cycle.
Featured picture from Pixabay, chart from TradingView.com