Ethereum Reflects the Fractal Pattern of 2017 When Price Holds Above $4,200 and Re-tests the Breakout Level

The current cycle of Ethereum is strongly compared to the fractal model of 2017, when the price went through a process of Accumulation, fakeout, retesting, and then rise to the sky. That year, the price increased over 5,000%. In 2025, the context is expected to be similar but with new drivers such as the entry of Wall Street, ETF capital flows, and global liquidity, boosting expectations for what analysts call "Valhalla." Comparison of Ethereum and Fractal Prices According to the analysis of Merlijn The Trader, the Ethereum chart structure for the 2024–2025 period reflects the 2016–2017 cycle. In 2017, Ethereum formed a near 7 dollar bearish trap, broke through the resistance level around 15 dollars, retested, and then skyrocketed above 300 dollars.

In the current cycle, the model indicates a bearish trap near 2,000 dollars, a breakout above 3,500 dollars, and a retest above 4,200 dollars. Ethereum is trading near 4,298.68 dollars, with a rise of 13.78% over the past month and a market capitalization of 518.87 billion dollars. Data from CoinMarketCap shows that the daily trading volume reached $42.94 billion, reflecting increased trading activity. The price started in August at around $3,854 and soared above $4,700 before consolidating above $4,000, a structure consistent with the fractal pattern. The Participation of Organizations and Activities on the Chain The demand from institutions continues to rise. According to observations from Arkham Intelligence, four addresses linked to FalconX have purchased $357.24 million in Ethereum, which may indicate a collective accumulation by whales. Ethereum spot ETFs have also recorded an inflow of $1.83 billion over five trading days, reinforcing institutional support for this asset.

On-chain growth reinforces this growth trend. A quick analysis by CryptoQuant's PelinayPA noted a strong recovery of new Ethereum contracts as the price surpassed the $4,500 mark. In previous bull markets, similar increases in contract creation also aligned with a strong rise in demand for DeFi and NFTs. According to Jackis, a cryptocurrency analyst, Ethereum has also surpassed the 4.5-year support threshold of institutions, signaling strong expansion over the longer time frame despite short-term volatility. Analysts believe that Ethereum's cycle reflects the context of 2017, but with ETF funds and global capital, the outcome in 2025 could be even further away.