An X post by Merlijn The Trader suggesting Ethereum’s structure draws parallels to 2019 to 2021 Ethereum price movement created a stir in crypto circles. In his view, the same technical setup is unfolding again between 2023 and 2025.
He anticipates Ethereum is poised for an explosive move toward five-digit prices. This comparison goes beyond casual observation. The structural similarity includes zones of consolidation, price compression, and essential breakout indicators.
Previously, Ethereum soared from $100 in 2019 to over $4,000 by 2021. If history repeat itself, there’s potential for ETH surpassing prior all-time highs significantly, quite possibly exceeding $10,000.
Wyckoff pattern signals final Phase
On June 23, 2025, Bitcoinsensus shared a detailed Wyckoff re-accumulation chart which has been the basis for this article. The chart captures Ethereum’s price action in classic Wyckoff phases from accumulation and to spring. These patterns often signal institutional capital inflow preceding massive increases.
Currently ETH is testing the area of $2,200 support . This zone termed as crucial re-entry zone can act as a launch pad for the next leg up. Bitcoinsensus mentioned that the textbook re-accumulation structure is almost at its final phase. If retest is successful, we may see ETH rally to $4000 initially then breakout to $8000 over time
The Wyckoff method has a strong record. Historical studies suggest a 60–70% accuracy rate when identifying bullish reversals. Traders closely watching this pattern now await confirmation of the breakout.
Ethereum eyes $4K short-term
Rallying Ethereum is still on the card and joins bullish prospects shared by traders on X. Short-term targets are marked at $4,000 and a major milestone of $8,000. A mix of higher low formations as well as lower selling pressure indicate coming strength.
ETH / USD pair is stabilizing around the price level of 2,211. Should this level serve as solid resistance, Wyckoff springs should soon lead to sharp moves upward. Also notice that bullish momentum is reinforced by the slope’s trendline drawn above where prices are currently placed at within the chart captured.
Sentimental and technical alignment combined with repeating patterns increases chances for Ethereum to mimic its legendary rise of 2021. This time it could ascend even further.
