Ethereum's breakout above resistance and 9% daily gain aligns with historic patterns that previously triggered exponential rallies.
ETH accumulation addresses have hit a record 22 million, signaling unmatched confidence from institutions and long-term investors.
Historical retests of Ethereum’s lower trend line preceded 300x and 50x gains, setting the stage for a potential surge past $10,000.
According to analyst Ted, Ethereum has surged past key resistance, igniting bullish momentum as long-term technical indicators and accumulation data align for a breakout. Currently trading at $2,437.31, ETH is up over 9% on the day. This rally follows a strong bounce from long-term support levels established in past cycles. Historical patterns now point to a possible exponential price rise, with growing institutional interest adding fuel to the bullish fire.
Source: Ted
Historical Bottoms Set the Stage for Long-Term Gains
Ethereum has formed distinct bottom structures across each market cycle, each followed by powerful rallies. The first major low occurred in 2018, near $100, after a sharp drop from $1,400. In March 2020, amid global turmoil, ETH again bottomed near $90. The most recent low came in late 2022, between $800 and $1,000, followed by a steady climb through 2024.
Each retest of the ascending channel’s lower boundary led to explosive growth. In 2017, Ethereum gained over 300x. In 2021, the rally delivered a 50x return. If the trend continues, even a conservative 6x from current levels positions ETH above $10,000 this cycle.
Besides historical price action, ascending trend lines clearly define Ethereum’s long-term upward trajectory. These lines continue to act as reliable support zones. Consequently, every retest of the lower channel provides a strong buy signal for long-term holders.
All-Time High Accumulation Confirms Bullish Outlook
Moreover, on-chain metrics show accumulation addresses are hitting record highs as per Crypto Rover. From just 1 million ETH in 2017, accumulation has now topped 22 million ETH. This surge dwarfs all previous accumulation phases, highlighting massive institutional and whale interest.
Source: Crypto Rover
Between 2017 and 2020, holdings grew slowly. From 2020 to 2021, balances doubled to 6 million ETH. However, from 2024 onward, accumulation skyrocketed, even as prices climbed. This trend signals conviction among large holders expecting major upside.
Additionally, accumulation continued even during sharp corrections. Hence, it reflects long-term confidence rather than short-term speculation. The massive growth in ETH accumulation aligns perfectly with technical strength, creating a rare bullish convergence.
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