Ethereum is replicating the bullish pattern of 2017 with a significant decrease in ETH supply on exchanges, enhancing the potential for a price explosion in the near future.
Strong buying pressure from large institutions, along with tightening supply on exchanges, is a positive signal for the growth momentum of ETH. Can Ethereum reach new highs beyond the 2017 phase?
MAIN CONTENT
Ethereum is establishing a price pattern similar to 2017, predicting a strong price surge may occur.
Large institutions like BlackRock are actively accumulating ETH, demonstrating confidence in the upcoming bullish trend.
The supply of ETH on exchanges has decreased to 13.4%, lower than Bitcoin, increasing positive supply-demand pressure for ETH.
Is Ethereum replicating the 2017 model?
Analysts, including Mister Crypto on social network X, suggest that Ethereum is moving according to the 2017 model with the potential to set new highs. Based on technical chart analysis and recent price action, ETH may break through strong resistance, similar to the hot surge in 2017.
The price accumulation phenomenon from mid-June to mid-July along with fluctuating liquidity suggests that the market is preparing for a strong price breakout. The high trading volume and liquidity accompanied by strong bullish indicators also reinforce this forecast.
ETH is establishing itself completely in line with the 2017 model. If history repeats itself, a price explosion is about to occur!
Mister Crypto, Cryptocurrency Analyst, 15/07/2025, source: X (old Twitter)
What are large organizations doing with the ETH supply?
BlackRock, the world's leading asset management fund, has increased its purchase of ETH to 159,101 ETH worth nearly $499 million, bringing its total holdings to approximately 2.021 million ETH, equivalent to nearly $7 billion. This is a clear sign of institutional confidence in the long-term growth of Ethereum.
Moreover, the investment strategies of other funds like World Liberty Finance and SharpLink Gaming are also continuously adding ETH to their portfolios, with transaction values in the millions of dollars each time. The total amount of ETH held by institutions currently stands at approximately 1.6 million ETH – a significant figure putting pressure on reducing supply in the market.
Now is the worst time to be pessimistic about Ethereum.
Ted Pillows, Cryptocurrency Market Expert, 17/07/2025, source: X
What is the situation of ETH supply and its impact on the market?
On-chain analysis data from Glassnode shows that the supply of ETH on exchanges is sharply decreasing to 13.4%, lower than Bitcoin at 14.5%. This reflects the strong increase in demand for ETH accumulation from investors and institutions. Limited supply means the upward price pressure could be greater in the near future.
At the same time, the expansion of the ETH staking market and many banks choosing Ethereum as a platform for stablecoin issuance are also contributing to increasing the appeal and actual demand for this coin.
Source: Glassnode
Frequently Asked Questions
Can Ethereum break the 2017 peak?
Technical analyses and institutional capital flows indicate the possibility of Ethereum surpassing the 2017 peak of over $6,200, based on current price and trading volume patterns.
Are large institutions accumulating ETH really creating a trend?
The fact that BlackRock and many other funds are significantly increasing their ETH holdings demonstrates strong confidence in Ethereum, often seen as an early sign for the next price surge.
What does the decreasing supply of Ethereum mean?
Reducing supply on exchanges creates supply-demand pressure, helping to drive prices higher when demand for accumulation increases significantly, especially from institutions and whales.
How do staking and stablecoin issuance affect ETH?
Staking increases the value of locked ETH, while stablecoin development on Ethereum boosts the demand for using and holding ETH long-term, reinforcing its price potential.
Is Ethereum preparing for the next wave of increases?
Price action and market data indicate that Ethereum is likely preparing for a strong growth cycle, similar to 2017.
Source: https://tintucbitcoin.com/ethereum-co-tang-gia-nhu-2017/
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