Ethereum has been drifting sideways for years — one of the longest consolidation stretches in crypto history. Since May 2021, $ETH has mostly moved between $2,000 and $4,000, narrowing even further since March 2024. That’s a solid five years of range-bound action.
It can feel slow, especially when you compare it to $BTC , but long periods like this often indicate quiet accumulation rather than weakness.
With Ethereum’s market cap still smaller than Bitcoin’s, any breakout could be sharper and more dramatic. Many analysts see $2,000 as a key accumulation area, while $4,000 could mark the trigger for the next bullish wave.
ETH is digesting the massive 2021 gains and quietly building a base for the next cycle. Right now, the setup looks asymmetric: the downside seems limited, while the upside could be substantial. For traders and investors, patience, conviction, and keeping an eye on $4,000 as a pivot point will be key for riding the next major move.
