Ethereum drops sharply after a new peak, but the 2021 pattern may signal a significant breakout
While Bitcoin continuously sets records in 2025, Ethereum has been left behind. Despite a strong breakout in August and surpassing the historical peak of 2021, ETH subsequently reversed and fell below 3,000 USD. This has led many investors to question: when will Ethereum reach a new peak?
Analysis: ETH is repeating the bullish pattern of 2021
Anonymous analyst Mags believes Ethereum is following the 2021 uptrend pattern and could surge by 170%, reaching around $8,500.
According to Mags, the ETH/BTC pair bottomed in April at the exact level of the prior cycle's bottom. He believes the up-down cycles seen in 2021 are re-emerging, indicating that ETH is closely following historical trends.
"Ethereum has formed a bottom relative to BTC at the same level as the previous cycle.
Currently, ETH is right at the support zone where it previously formed seven consecutive green candles, rising 170% within just seven weeks, before entering a period of slow distribution."
Mags emphasized that Ethereum is now very close to the starting point of the seven-week strong rally seen in 2021.
ETH could rise 170% if the pattern is repeated
If the previous scenario repeats, the analyst predicts Ethereum could experience seven consecutive weeks of growth before entering a mild sell-off similar to the prior cycle.
This means ETH price could potentially rise 170% from current levels, aiming for a range of approximately $8,500.
Although this forecast is based on historical patterns and not guaranteed, it is generating significant optimism within the Ethereum community, which has been waiting for the next breakout after being left behind by Bitcoin in 2025.
