Related Reading: XRP Flirts With A Daily Range Breakdown – Price Must Hold Above $2 Level Ted also stated that ETH’s current performance "feels like it’s trading like the 2016-17 cycle.” At the time, Ethereum consolidated for around a year and dropped below the range’s key support level for a few weeks before surging to new highs. ETH has been "consolidating for a year now and recently broke below a key support level,” suggesting that the latter half of 2025 could be bullish for the cryptocurrency if history repeats.
According to the post, "there’s a good chance ETH will retest the $1.6K-$1.8K level” as the "manipulation phase is ongoing.” The analyst suggested a potential Power of Three (Po3) pattern on ETH’s chart, which divides the price cycle into three distinctive phases: accumulation, manipulation, and distribution.
Trader Crypto Rand noted that the King of Altcoins has 20 days “to turn green,” or "it will be the first time since 2018 that ETH has experienced 4 x months of red in a row.” That year, ETH spent seven consecutive months recording double-digit losses, losing approximately 80% of its value from May until November.
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