Ethereum’s 2017 Repeat: A 5000% Breakout Possible?
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Ethereum's price action is mirroring the 2016-2017 bull run, raising hopes of a significant price surge. The cryptocurrency has experienced a period of ranging, punctuated by fakeouts, remarkably similar to the pattern observed before its 5000% rally in 2017. This similarity, highlighted by crypto analyst Merlijn The Trader, suggests a potential repeat of the past. The analyst points to a ‘bear trap' followed by a breakout as key indicators. In 2017, this breakout propelled Ethereum's price from under $8 to over $250 in under a year. Projecting a similar outcome in 2025, while acknowledging the much higher current market cap, could see Ethereum reach as high as $40,000 or at least $10,000 (a 200% increase from current levels) within the next six months. A crucial difference from 2017 is the significant institutional backing Ethereum now enjoys. Over $7 billion has flowed into ETH treasury companies, and over $2 billion into Spot Ethereum ETFs in July 2025 alone, indicating robust institutional interest and increased market liquidity. This institutional involvement, according to Merlijn The Trader, is a key driver for the current price cycle, potentially making a substantial price increase more likely than in 2017. The current situation presents a compelling case for a bullish outlook for Ethereum, drawing parallels to its previous explosive growth, but also acknowledging the need for caution and considering the increased market capitalization.
(Source: https://www.newsbtc.com/news/ethereum/ethereum-5000-breakout-2017/)
