- Ethereum’s current structure reflects the same accumulation rhythm seen before earlier bull markets.
- $ETH holds near $3,868 with strong liquidity and investor confidence.
- Consistent higher lows show growing stability ahead of a possible 2025 rally.
Ethereum’s current price structure seems to echo the rhythm of its earlier market cycles. Traders observing the chart note familiar accumulation behavior, hinting that the market could be preparing for another expansion phase similar to previous rallies.
Revisiting Ethereum’s Cyclical Blueprint
A chart from CryptoELITES tracks Ethereum’s historical market rhythm, connecting its accumulation-to-breakout phases across 2017, 2020, and the unfolding 2025 structure. Each phase started off quietly, gathered strength, and morphed into broad uptrends.
2017 also saw Ethereum trade in a tight base before it broke out into its first big bull run, occasioned by the surge in the ICOs and increased demand for smart contracts. That move set the stage for how Ethereum’s long-term structure behaves in expansion cycles.
By 2020, the pattern returned. Ethereum consolidated for several months following the prior bear market, forming another base before surging with the growth of DeFi and NFTs. This breakout phase carried prices to new all-time highs above $4,000, completing the second cycle.
Current Market Reflects Controlled Strength
As of writing, the 2025 setup resembles that same structural rhythm. Ethereum has continued to consolidate around key resistance, which has arguably formed another accumulation stage in this maturing market cycle.
Ethereum changed hands at approximately $3,868.61, down 0.1% in the last 24 hours, according to CoinGecko. This 24-hour range from $3,687 to $3,879 does not spell weakness but, rather, stability, implying balanced sentiment among traders.
The market capitalization is at close to $466 billion and trading volume of more than $36 billion, further solidifying Ethereum’s position as the second-largest crypto asset. Out of a total supply of 120.7 million ETH and continued fee burns under EIP-1559, Ethereum’s tokenomics have transitioned to controlled scarcity, providing long-term structural strength.
Long-Term Structure Points Toward Potential Expansion
The chart’s long-term trajectory still shows a sequence of higher macro lows, signaling resilience even through periods of volatility. Ethereum’s core ecosystem — supported by staking and layer-2 activity — continues to grow in utility and participation.
It has also been the case historically that each accumulation phase has taken place after sentiment resets, allowing new capital inflows when confidence returns. So long as Ethereum stays above $3,800, the next target zone could extend toward $4,000 and higher, where momentum could improve.
Treasury data showing 4.66 million ETH held further illustrates confidence within the network. As volume consolidates and on-chain engagement rises, Ethereum’s position appears consistent with the structural conditions that preceded its past expansions.
