- Ethereum mirrors 2016 patterns, hinting at a potential breakout to new highs.
- ETH ETFs see $500 million inflows, boosting confidence in Ethereum’s bull run.
- Several analysts predict Ethereum could hit $6,000, citing 2016-like price trends.
Technical analysis shows parallels between Ethereum’s current price action and its historical patterns from 2016. Analyst Crypto Rover pointed toward a possible upward movement. Recent market data shows Ethereum trading patterns forming a similar consolidation structure before what could be a major breakout.
The comparison charts from analyst Crypto Rover show identical technical formations between 2025 and 2016. In both periods, Ethereum displayed three distinct rejection points (marked by red arrows) and two support tests (marked by green arrows) before initiating a powerful upward movement. This pattern suggests Ethereum might be preparing for a similar explosive move upward.
Current market metrics support this technical outlook. Ethereum ETFs have recorded six consecutive days of net inflows, with investors adding more than $500 million worth of ETH in the past week alone. This sustained institutional interest indicates growing confidence in Ethereum’s long-term prospects despite recent market volatility.
The cryptocurrency has experienced three notable capitulation events – in Q1 2024, Q3 2024, and Q1 2025. Historical data shows that, with the previous two capitulations, Ethereum surged between 90% and 100% within 8–12 weeks. This pattern has prompted analysts like Ted to predict another strong recovery phase.
Recent price action shows Ethereum down 3.5% in the last 24 hours and 15.5% over the week. According to CoinGecko data, monthly losses have reached 18.8% at press time. However, the yearly performance remains positive at 15.8%. The asset currently trades well below its all-time high of $4,878.26 set in November 2021, suggesting major room for upward movement.
Related: Ethereum Gears Up for a Major Breakout: Can It Hit $14,000?
Technical analyst Milkybull Crypto projects a target of at least $6,000 for Ethereum, basing this prediction on macro chart patterns and the current market situation. The combination of technical indicators and institutional inflows through ETF products strengthens the bullish case for Ethereum’s medium-term outlook.
The parallels with 2016’s price action are particularly important, as that period preceded one of Ethereum’s most substantial bull runs. If history repeats, the current consolidation phase could serve as a launching pad for the next major price movement, potentially driving Ethereum to a new all-time high.
