In 2017, Ethereum saw a crucial breakthrough after reclaiming the 50-day moving average, leading to a bullish wave exceeding 7,000% over six months. Today, in 2025, the price shows a matching technical pattern 'bar against bar', but the context is fundamentally different.
📊 Technical analysis: Successful retest and rising momentum
Ethereum has reclaimed the 50-day moving average, just as it did at the beginning of the 2017 cycle.
Buying pressure is gradually increasing, supported by strong accumulation signals from whales and institutions.
The MVRV Z-Score indicator indicates that ETH is still below its true value, enhancing the likelihood of an upward surge.
🏦 New fuel: institutions and ETFs
- The entry of BlackRock and Spot ETFs opens the door to massive financial inflows.
- The outflow of more than $380 million in Ethereum from centralized exchanges in just one week reflects a long-term holding intention.
- The market is suffering from a supply shortage, while institutional demand is increasing at an unprecedented pace.
🚀 Is $10,000 a conservative target?
Under these circumstances, the $10,000 level is no longer just an optimistic expectation, but a conservative target considering the current momentum.
If the 2017 cycle repeats within the new institutional context, we may witness levels exceeding $13,000 in the coming months.
💡 Summary
Ethereum is accurately managing the 2017 scenario, but this time with the support of giant financial institutions and a market thirsty for supply.
The ignition has begun, the fuel is ready, and the price is moving within a historical pattern that could redraw the digital market map.
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