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The Ethereum pricing activity reveals striking parallels to its 2017 market trend, with analysts highlighting a nearly identical technical configuration and market dynamics. Crypto analyst Merlijn the Trader, who demonstrated a comparative weekly chart analysis of 2025 and 2017 on X (formerly Twitter), proposes that Ethereum is currently tracing the same breakout trajectory that previously resulted in a monumental surge. This time, however, the analyst anticipates that the movement could be even more impactful.
Ethereum Pricing Reflects Historic Breakout Trajectory
In the present 2025 chart, Ethereum has reportedly reclaimed the 50-week Moving Average (MA) after months of downward pressure and lateral movement. Following a conclusive breakout from support levels around $2,250, the price of the cryptocurrency is currently in consolidation beneath the 50 MA, forming a compact sideways configuration.
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According to Merlijn the Trader, this pattern is visually and technically akin to price fluctuations that occurred in late 2016 and early 2017, just prior to Ethereum embarking on a robust upward trend. The analyst’s 2017 Ethereum chart illustrates the altcoin surpassing the 50 MA, succeeded by a brief stretch of sideways activity under resistance. Upon gaining momentum, the price ascended into a parabolic surge that indicated the commencement of its significant bull phase.
Significantly, the 2025 chart located on the right side showcases an almost identical playbook to the 2017 layout, with Ethereum transitioning out of a prolonged accumulation period and into a consolidation phase beneath crucial resistance levels. Nonetheless, this time, market conditions are markedly different.
The analyst remarks that the cryptocurrency sector is considerably more evolved, featuring enhanced institutional engagement, expanded retail acceptance, and improved infrastructure supporting Ethereum’s framework. Although the technical models align closely with the 2017 breakout, the magnitude and context imply that the potential growth might even exceed previous values.
The resemblances between Ethereum’s 2017 and 2025 pricing movements are evident in the timing of the 50 MA reclaim and the compact consolidation range that ensues. If ETH can sustain this course and breach the existing resistance zone, it could signify the onset of a new macro rally, which the analyst foresees will not merely replicate past patterns but may potentially enhance them.
Ethereum Targets $4,000 As 2017 Pattern Resurfaces
According to Merlijn The Trader’s comparative chart assessment, Ethereum might be on the brink of a significant breakout, with technical indicators suggesting a possible price aim exceeding $4,000. In the 2017 scenario, Ethereum surged past $28 from a low range of $6 to $7.5 after reclaiming the 50 MA.
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If history serves as a reference, Ethereum’s subsequent movement could elevate it from its current price of $2,541 to $4,000, aligning with the upper red horizontal line on the 2025 price graph or potentially surpassing it to new all-time highs, with no upper limit in sight, as per the analyst.
Featured image from Getty Images, chart from Tradingview.com
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