- Ethereum has broken above $4,700 for the first time since 2021, posting a 29% weekly surge and extending its 90-day rally to 81%.
- ETH's current price action is forming a fractal pattern similar to its late 2020 breakout, suggesting significant upside potential remains.
- Analyst Osemka identifies a repeating A-B-C corrective structure followed by bullish wedge breakout, mirroring the setup before ETH's previous run from $500 to $4,800.
- If the fractal pattern continues, ETH could establish $4,650-$4,700 as support and potentially rally toward $10,000+ in this cycle.
Date: Wed, Aug 13, 2025 | 10:10 AM GMT
The cryptocurrency market is in full bullish swing as Ethereum (ETH) has broken above the $4,700 mark for the first time since 2021. This 29% weekly surge has boosted sentiment across the major altcoins, with ETH extending its 90-day rally to an impressive 81%.
More importantly, its latest price action is forming a familiar fractal pattern on the weekly chart—one that could be signaling Ethereum still has significant room to run in this cycle.
Fractal Setup Hints at a Bullish Continuation
According to prominent crypto analyst Osemka, ETH’s current price structure is showing striking similarities to its last major breakout in late 2020. Back then, Ethereum consolidated within a falling wedge pattern before breaking out, retesting resistance-turned-support, and launching into a parabolic rally.
The chart highlights a repeating A-B-C corrective structure followed by a bullish wedge breakout. In both past and current setups, ETH broke free from long-term consolidation just as momentum began accelerating.
The “We are here” marker on Osemka’s chart shows Ethereum in the early stages of what could be the next explosive phase—mirroring the period just before its run from $500 to over $4,800 in the last bull market.
What’s Next for ETH?
If this fractal continues to play out, Ethereum could break above its current horizontal resistance, turning the $4,650–$4,700 zone into strong support. A sustained move higher would open the door for a potential rally toward the $10,000+ region later in this cycle.
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