Date: Mon, June 09, 2025 | 05:10 AM GMT

The cryptocurrency market is experiencing a wave of choppy consolidation, and Ethereum (ETH) has been no exception. Since May 13, ETH has been trading between $2,700 and $2,400—caught in a tight range. Despite the sideways action, $ETH remains up over 36% since the start of Q2, showing impressive strength compared to broader market conditions.

Source: CryptorankBut amid this consolidation, an intriguing technical fractal is drawing serious attention—one that could hint at a powerful breakout in the making.

Ethereum Mirrors Gold's Fractal

According to latest insights from popular crypto figure known for her accurate predictive moves, Honey, Ethereum's current weekly chart appears to be mirroring the same price fractal that gold (XAUUSD) followed in previous years—right before its explosive breakout.

As shown in the side-by-side chart comparison, gold formed a triple rounded-top structure between 2020 and 2023, followed by a deep bottom that marked the end of the corrective phase. After bottoming out, XAUUSD reversed strongly and went on to set new all-time highs above $2,400.

ETH and GOLD Chart/BTC and ETH Chart/Source: @honey_xbt (X)

Now, Ethereum seems to be tracing a nearly identical pattern. The ETH/USD weekly chart shows a similar sequence of rounded tops in 2024, a corrective move that bottomed around $1,600 in early 2025, and now, a potential reversal structure that is pushing ETH back above $2,500.

If the fractal continues to play out the same way it did for gold, Ethereum could be gearing up for a significant move higher—possibly eyeing the $4,000 to $4,400 range in the coming weeks.

Final Thoughts

Ethereum is at a pivotal stage. While short-term consolidation could still persist, the larger fractal comparison with gold offers an encouraging perspective for bulls. If history repeats—or even rhymes—ETH might be setting up for a powerful upside leg that could take many by surprise.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.