Date: Tue, June 03, 2025 | 05:30 AM GMT
The cryptocurrency market has staged an impressive rebound this quarter, with Ethereum (ETH) leading the charge. After climbing over 45% in Q2, ETH is now trading above $2,600, having recently touched a high of $2,700 — a level last seen in February.
ETH has posted an eye-catching 42% gain over the last 60 days, and now, a familiar technical pattern is flashing a potential bullish continuation signal — hinting that a major rally could be on the horizon.
2017 Fractal Suggests Bullish Continuation
According to crypto analyst @MikybullCrypto, Ethereum’s current price action is closely mirroring a bullish fractal from 2017. Back then, ETH consolidated within a horizontal range before breaking out explosively to begin its legendary bull run.
If you look at the chart above, the top panel shows ETH in 2017, forming a clear accumulation range between roughly $6 and $20 before launching higher. The breakout came after reclaiming the mid-range level, and once it cleared resistance, ETH never looked back.
Now, fast forward to the bottom panel, showing the current price action. ETH has again reclaimed its mid-range level (around $2,600) after bouncing off strong support near $2,000 — just above the 200-week moving average (green line). This move looks strikingly similar to 2017, suggesting that history may be about to repeat.
What’s Next?
If the fractal holds true, Ethereum could be in the early stages of a larger bullish continuation. The next major resistance lies near $3,900–$4,100. A clean break above that could open the doors to a rapid move toward $5,000 and beyond — much like the 2017 breakout.
Of course, fractals are never perfect, and traders should still watch for confirmation.
Still, the current setup is undeniably bullish — and ETH may just be gearing up for its next big move.
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