- Ethereum forms five tight weekly candles near $2,850, echoing its 2017 breakout structure above the 50-week MA.
- Weekly MACD flipped bullish as RSI broke out, aligning with a rising liquidity base and ETF inflows across Ethereum.
- Analysts see fractal symmetry with 2017 as ETH tests resistance; a breakout may target $3,800 to $4,107.
Ethereum is showing signs that echo its 2017 breakout pattern. Price action has tightened near the $2,850 resistance. Weekly candles are compressing, signaling rising tension. The structure is forming right above the 50-week moving average.
Ethereum recently broke above the $2,300 level. From there, it has been consolidating in a range between $2,400 and $2,600. This consolidation occurs just above the 50-week MA, now acting as dynamic support.
Source: (X)
The MACD on the weekly timeframe has flipped bullish. A crossover has appeared, which in past cycles marked the beginning of a rally. RSI has also broken out of a descending trendline, confirming bullish momentum and reduced selling pressure.
Technical symmetry is present. Ethereum has now formed five tight weekly candles near a key resistance, just like it did in 2017. Then, a breakout above $15.80 followed. Now, ETH is testing the $2,850–$3,000 level with a similar pattern. That zone has capped price action since late 2023. If Ethereum clears it with conviction, a significant move could follow. If not, another rejection may send prices back into consolidation.
Liquidity, Flows, and On-Chain Strength
On-chain signals are strengthening Ethereum’s bullish case. Net inflows across bridges totaled more than $10 million over 24 hours, leading all chains. Ethereum’s stablecoin supply expanded by $150 million, pointing to rising liquidity.
Source: Artemis
In contrast, chains like Solana and Arbitrum are seeing outflows. Ethereum is gaining dominance in liquidity share. ETF inflows also suggest rising demand from both institutions and retail.
The 200-week moving average has held steady for several months. It continues to act as a long-term support base. RSI and stochastic indicators are turning upward, aligning momentum on multiple levels.
Fractal Similarity to 2017 Patterns
Several analysts note Ethereum’s current setup mirrors its 2017 structure. Price is clustering under resistance, just like before the prior cycle’s breakout. The 50-week MA is now flattening, mimicking past behavior. Five consecutive narrow weekly candles are forming beneath resistance. This structure is nearly identical to the lead-up to the 2017 breakout.
Source: (X)
Current resistance is $3,650, structurally similar to the $15.80 ceiling back then. If Ethereum breaks out, the price could retest the $3,800–$4,107 region. The setup is classic. Momentum, liquidity, and technicals all point to a decisive move. Whether that move happens soon depends on volume and the reclaim of resistance.
