Ethereum is consolidating in a narrow range between $2,400 and $2,700, yet its structure continues to signal strength. Up over 36% in Q2, ETH may be preparing for a significant move, as analysts draw striking parallels to gold’s historical breakout.

Weekly Fractal Suggests Strong Reversal

Crypto strategist Honey highlights that Ethereum’s weekly chart is mimicking a gold price fractal from 2020–2023. Gold formed triple rounded tops followed by a deep retracement, and then surged to all-time highs above $2,400. ETH’s pattern is now unfolding in a near-identical fashion.

The corrective bottom around $1,600 in early 2025 may have set the stage for Ethereum’s rebound. If this mirror pattern holds, ETH could climb into the $4,000-$4,400 zone in the weeks ahead—echoing gold’s trajectory after its structural pivot.

Consolidation May Precede Powerful Upside

While ETH is still rangebound, the overall trend remains bullish. The potential continuation of this fractal suggests current consolidation may be a pause before a breakout leg. Market conditions could shift quickly if momentum builds and resistance at $2,700 is broken.

If Ethereum maintains strength above $2,500 and sentiment turns risk-on, the technical roadmap supports a renewed upward surge. Traders watching historical parallels believe ETH may soon enter a powerful rally phase—one that could redefine short-term expectations.

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