Ethereum has reclaimed key levels after a strong Q2 recovery, gaining more than 45% in recent months and currently trading above $2,600. With a recent high of $2,700—last seen in February—ETH is now flashing a pattern that strongly resembles its 2017 pre-rally structure.

2017 Fractal Sets the Stage for Possible Breakout

A historical comparison by analyst @MikybullCrypto suggests that Ethereum’s current setup is nearly identical to a fractal from 2017. Back then, ETH consolidated horizontally before surging past mid-range resistance and initiating a powerful bull run.

This time, the mid-range level appears to sit near $2,600, which ETH recently reclaimed after bouncing off support around $2,000—just above its 200-week moving average. The similarity in structure has fueled speculation that another major move could follow.

Momentum Builds as $4,000 Resistance Looms

If the fractal plays out, the next major resistance zone lies between $3,900 and $4,100. A clean breakout beyond this range could ignite a rapid push toward $5,000, mimicking the steep rally of late 2017.

While no fractal offers guaranteed outcomes, the combination of reclaimed levels, long-term moving average support, and growing bullish sentiment paints an optimistic picture. Ethereum may be on the cusp of another breakout phase, with traders watching closely for confirmation above $4,000.

Meanwhile, XRP stabilizes at key support as institutional signals point to a rebound.