After hitting above $3,800, the Ethereum price seems well on track for the next phase of the cycle. The ongoing trend has been closely mirroring what was seen back in 2016-2017 before the surge that sent the altcoin’s price to new all-time highs. This remains a major deal given that if the trend does play out similarly to what was seen in the 2017 cycle, then it means that the Ethereum price rally is only just beginning.

Ethereum Price Mirrors Bullish 2017

Back in 2017, before the bull market, the Ethereum price had struggled to stay on track with the Bitcoin price. This resulted in a lag as the price kept taking a beating with each uptrend. In the end, the Ethereum price ended up ranging for a while, with two fakeouts before the price was able to eventually breakout.

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Similarly, the Ethereum price has ranged for the last year, with multiple fakeouts that have already kept the price low. Just like 2017, again, a crash sent the altcoin’s price down by almost 50% to create what seemed to be the perfect bear trap, as illustrated in this chart by crypto analyst Merlijn The Trader on X (formerly Twitter).

The analyst points out these similarities in the Ethereum chart, showing that the same range, fakeout, and breakout have now played out for the cryptocurrency just like they did in 2016-2017. Given this, it is likely that the next phase in the trend will also follow the 2017 playbook.

After the bear trap and eventual breakout in 2017, the Ethereum price had rallied by 5,000%, going from under $8 to over $250 in less than one year. Applying a similar breakout structure to Ethereum in 2025 would mean rising as high as $40,000.

However, adjusting for how high the market cap currently is, a conservative target would mean that the Ethereum price is at least able to cross the $10,000 level, which would be only a 200% increase from its current level. Applying the same timeframe as in 2017 would mean that it could play out in the next six months.

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Additionally, Ethereum now has something that it didn’t have back in 2017, and that is institutional backing. Presently, Ethereum is quickly becoming a favorite among institutional investors as ETH treasury companies have poured over $7 billion into the altcoin, according to data from The Block. In July 2025 alone, over $2 billion has flowed into Spot Ethereum ETFs, showing a ramp-up in institutionalized interest.

Due to this rise in institutional investments, Merlijn The Trader has explained that institutions are now the ones behind the wheel with the same setup from 2017. This suggests higher liquidity as these major players are expected to drive and determine the ETH price this cycle.

Featured image from Pixabay, chart from TradingView.com

A widely followed analyst believes that crypto is poised to replicate a bubble witnessed in the late 1990s, triggered by a surge in internet adoption.

Trader Michaël van de Poppe tells his 785,900 followers on the social media platform X that he’s extremely bullish on the crypto market as mainstream institutional players begin to embrace the asset class.

According to Van de Poppe, conditions in the crypto market are reminiscent of the Dot-com era, when tech and web-based firms saw their valuation skyrocket as investors piled in and became overexuberant on the emerging sector.

“All I know:

This is the cycle where everything is going to go ballistic.

Higher than ever.

The Dot-com bubble type of cycle for crypto, where there’s a lot of liquidity flowing into this asset class and a lot of adoption.

It’s basically the only asset class to be significantly outperforming everything.”

The Dot-com bubble exploded in 2000, destroying $5 trillion in wealth and driving thousands of companies into bankruptcy.

One altcoin on the trader’s radar for a potential repeat of the Dot-com bubble is payments altcoin XRP. Van de Poppe predicts that the coin will come close to its all-time high (ATH) of $3.40.

“When things go absolutely vertical, that’s the moment where you want to zoom out and get higher time frame entry points.

The same applied for XRP.

Marked the level around $1.75 as an important one for entries and it’s up 50% since.

I assume we’ll attack the ATHs soon.”

At time of writing, XRP is worth $2.52.

The trader is also bullish on the Solana (SOL) rival Sei (SEI). Van de Poppe predicts that SEI will rally by as much as 169% from current levels.

“Indeed, break and flip and the next target is $0.30.

I think that SEI will be trending up significantly more.

First stop is $0.30, after that a slight correction for people to jump into the asset and then we’ll continue towards the $0.50-0.70 range.”

At time of writing, SEI is worth $0.26.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Amid the market recovery, Cardano (ADA) has seen a 5% daily surge to retest the $0.66 level. Its recent price action has led the cryptocurrency to break out of a bullish formation, which could propel ADA to a key resistance zone.

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Cardano Breakout Eyes 27% Move

On Tuesday, Cardano followed Bitcoin’s price jump and climbed to the $0.66 resistance, attempting to break above the key level for the third time this month. ADA has been in a downtrend since hitting its 3-year high of $1.32 in December 2024, retracing over 50% in the past four months.

In March, the cryptocurrency surged 80% toward the $1.17 mark, driven by US President Donald Trump’s initial announcement of a “Crypto Strategic Reserve” comprised of ADA, XRP, and Solana (SOL).

However, after the White House’s Crypto Czar, David Sacks, explained that the listed cryptocurrencies were used as an example of leading tokens, ADA’s price retraced to the $0.70-$0.80 range.

Amid the late March retraces, Cardano lost the $0.70 mark, falling to the $0.50-$0-55 zone in early April. This month, the cryptocurrency has retested the $0.66 level but has been rejected twice.

Today, it attempted to break this level again but was rejected a third time. Nonetheless, analyst Ali Martinez pointed out that ADA has broken out of a symmetrical triangle pattern amid its current performance.

Cardano has been consolidating within a symmetrical triangle formation throughout April, setting the stage for a 27% price move. After surging above the $0.63 mark, ADA broke out of the pattern, eyeing a surge toward the $0.77 resistance next.

ADA Preparing For Key Retests

Analyst Sebastian noted that the cryptocurrency “is brewing,” as it’s moving within a four-month descending channel. ADA has bounced toward the upper boundary, which has served as resistance, each time it has retested the lower trendline as support.

After the recent drop to $0.50, Cardano could retest the upper boundary soon, at around the $0.80 price range. Moreover, the analyst pointed out that the token is currently breaking out of an Inverse Head & Shoulders pattern within the descending channel, which could see the cryptocurrency surge toward the key resistance level.

Another market watcher suggested that the cryptocurrency could be following its 2020-2021 pattern. According to the chart, once ADA broke out of its bear market rally levels, it reached a new cycle high, followed by a retest of the bear market rally as support.

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After breaking out of the downtrend, it rallied toward its all-time high (ATH) of $3.09 in the coming months. “If ADA broke out this week and followed the same pattern as last cycle, it would be on track to hit a new ATH in the middle of August,” the analyst asserted.

Meanwhile, Dan Gambardello affirmed that Cardano’s biggest resistance is at the $3 mark, “where a lot of people have regret for not selling last cycle.” The analyst forecasted that once ADA hits ATH levels, its pump “will probably pause in that general area with a lot of volatility, and then continue to $5. It’ll be like a crypto bus stop.”

Featured Image from Unsplash.com, Chart from TradingView.com

A crypto analyst who nailed the 2021 Bitcoin market meltdown believes that BTC may be in the midst of forming a bullish reversal pattern.

Pseudonymous analyst Dave the Wave tells his 149,300 followers on the social media platform X that Bitcoin looks to be in the early stages of printing an inverse head-and-shoulders pattern on the daily chart.

An inverse head-and-shoulders pattern is traditionally viewed as bullish, indicating that buyers are stepping in without waiting for the price to revisit recent lows.

The trader shares a chart suggesting that Bitcoin may repeat its price action during the 2nd half of 2024 when it formed the same bullish reversal pattern before surging to a new all-time high.

“Your move, BTC.”

Based on the trader’s chart, he seems to predict that Bitcoin will rally close to $90,000 to form the pattern’s neckline before dropping below $80,000 to create the right shoulder. The chart also suggests a breakout target of $117,000 for BTC.

Looking at the fundamental properties of BTC, Dave the Wave says that Bitcoin’s primary use case has gone a long way from being a tool designed to protect people against authoritarian control. The analyst believes that Bitcoin is steadily growing to become a reliable safe-haven asset.

“Get your thinking right about BTC, and you’ll not be disappointed or demoralized.

In the early days, it may have been about cypherpunk, etc. It is now an alternate currency in the process of being capitalized and taken a lot more seriously.

Market maturity moving toward price discovery.”

Earlier this month, Dave the Wave doubled down on his prediction that Bitcoin will soar to $200,000 amid an uncertain macroeconomic backdrop. According to the trader, the uncertainty will drive investors to seek refuge in the flagship crypto asset.

At time of writing, Bitcoin is trading for $85,416, up over 2% in the past day.

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