Analysts foresee a significant 200% price increase for Ethereum, based on historical data and the return of liquidity.
Signs of a Possible Rally
Analysts are identifying parallels between Ethereum’s recent chart patterns and its explosive run in 2021, which saw a 180% gain in two months. The current cycle suggests a potential similar rally.
Ethereum’s Four-Year Cycle
Ethereum has shown significant growth approximately every four years, most notably in 2017 and 2021. In 2017, its price rose by about 9,380%, reaching around $881.94 by year-end. In 2021, Ethereum's market cap exceeded $250 billion for the first time.
Liquidity Return and Growth Potential
Ethereum maintains critical support near $2,984. Liquidity is returning, with capital flowing back from Solana, demonstrating renewed investor confidence in Ethereum. In the last 24 hours, more capital has moved from Solana to Ethereum, suggesting a potential rebound.
The increase in liquidity and current support levels might position Ethereum for a major rally, as indicated by historical trends and analysts' forecasts.
