$BTC There are notable similarities between Ethereum’s current cycle and the 2016–2017 bull run. After the 2022 bear market, Ethereum experienced a prolonged accumulation period, similar to the pre-rally stage of 2016. In both cases, the Bitcoin halving acted as a catalyst (July 2016 vs April 2024), often preceding strong market uptrends. Bitcoin dominance initially remained high, with capital rotating into altcoins like Ethereum later—suggesting a potential altseason ahead. Ethereum also has key catalysts, such as scaling upgrades, Layer 2 growth, and ETF speculation, echoing the 2017 ICO boom. On the macro side, both cycles followed periods of economic tightening, with improving conditions encouraging risk-on behavior. Retail and institutional interest is also rising again, mirroring early signs of a broader crypto resurgence.