Taking to the social media platform X, the analyst noted that in that earlier cycle, Bitcoin endured an 83% drop from its highs before staging a powerful 342% recovery. This was followed by a secondary correction of around 63%, which ultimately served as the base for a 1,110% surge between the second half of 2020 and the first half of 2021.\u00a0<\/p>\n
Ethereum\u2019s weekly chart has been following the same sequence almost step-for-step in the past few years. After a steep 83% decline from its 2021 peak, Ethereum mounted a 342% rebound, only to experience a deep retracement of roughly 63% to $1,500 in April 2025. Since then, however, Ethereum has mounted another rebound, with the latest move<\/a> being the most recent rally back above $4,200.<\/p>\n Image From X: Merlijn The Trader<\/i><\/a><\/p>\n This latest rally shows Ethereum is now in the final phase, where it could be positioned for a comparable explosive run to as high as $20,000 if the fractal continues to play out.<\/p>\n In another analysis, Merlijn The Trader also pointed out that Ethereum\u2019s weekly chart is echoing its own 2017 breakout structure<\/a>. In that cycle, Ethereum reclaimed the 50-week moving average after a prolonged consolidation phase before entering into a sustained and powerful rally. The 2025 chart shows a similar reclaim of the 50 MA, and the price is now breaking above the<\/a> $4,000 resistance zone that has stood since March 2024.<\/p>\n Image From X: Merlijn The Trader<\/i><\/a><\/p>\n Although Ethereum’s recent price rally can be mostly attributed to institutional buys <\/a>in Spot Ethereum ETFs, the breakout above $4,000 has not gone unnoticed in the broader market. Notably, data from<\/a> on-chain analytics platform Santiment reflects a dramatic rise in bullish activity across social channels.\u00a0<\/p>\n Mentions tied to buying, optimism, and higher price expectations have surged sharply, now outpacing bearish commentary such as selling or lower price calls by almost two-to-one. Although this can create the conditions in which Ethereum’s rally can sustain momentum, too much FOMO can also put a temporary halt to any rally.<\/p>\n![\"\"](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/08\/a_1e2497.png?resize=936%2C622\")
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<\/p>\nBullish Sentiment Building Above $4,000<\/b><\/h2>\n
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