Ethereum’s Price Action Mirrors 2020, Is Another Altseason Coming?

• Ethereum’s price action mirrors 2020, hinting at a potential breakout and altseason if historical trends repeat.
• Price deviations below support often precede strong rallies, shaking out weak hands before major upward moves.
• Higher price levels in 2025 suggest that Ethereum’s next breakout could yield even greater gains than in 2020.

According to analyst Luca, Ethereum’s recent price movement has officially closed above support, showing a pattern similar to 2020. Back then, Ethereum experienced a deviation before reclaiming its range and igniting an explosive altseason. 

Ethereum’s 2020 Breakout: A Precursor to Altseason

Back in 2020, Ethereum traded within an ascending channel before deviating below support. This deviation led to a low of $79.06. However, the price quickly reclaimed the channel and surged towards upper resistance. 

Once Ethereum re-entered the range, it gained strong momentum. After a while, the price surged and peaked at $656.16. The start of a positive market cycle was signaled by this breakout, which drove a larger cryptocurrency rise.

Source: Luca

2025: A Similar Setup Unfolds

Ethereum’s current price movement closely resembles the 2020 structure. The asset traded within an ascending channel before deviating below support. This deviation saw Ethereum hitting a low of $1,520.85. However, the price has since rebounded, reclaiming the channel and approaching upper resistance. Recently, Ethereum reached $4,109 before retracing to its current level of $2,658.09.

The structure remains intact, showing that the market continues to respect key trendlines. Historical data suggests that such deviations often precede strong rallies. If this pattern holds, Ethereum may be on the verge of a breakout, similar to what happened in 2020.

Market Implications and Key Differences

Despite the similarities, one key distinction exists: the price range. In 2020, Ethereum operated within a lower range before experiencing a breakout. However, in 2025, the asset is trading at higher levels. This suggests that potential gains could be far greater this time around.

Moreover, liquidity tests at lower levels indicate strong market interest. Price deviations below support help flush out weaker hands, allowing for stronger momentum. This was evident in 2020, and the same appears to be happening now.