Ethereum (ETH) Primed for Explosive Rally After 4-Year Accumulation Phase: Analysts See Historic Breakout

Ethereum's patience may finally pay off—big time.

The second-largest cryptocurrency by market cap has spent four grueling years consolidating, frustrating traders and testing diamond hands. Now, analysts spot the technical setup for a parabolic move that could leave 2021's all-time highs in the dust.

The accumulation endgame

Market cycles don't lie. When assets base for this long, the resulting breakout tends to be violent. ETH's multi-year compression resembles a coiled spring—and institutional adoption of its blockchain tech adds fundamental fuel to the fire.

Traders vs. hodlers: Who blinks first?

Short-term speculators keep getting shaken out by volatility, while long-term believers accumulate at every dip. This classic tug-of-war typically resolves with a face-melting rally that leaves both sides stunned—and Wall Street scrambling to explain how they 'always believed' in decentralized finance.

The smart money's betting ETH's next act makes its last bull run look like a warm-up. Just don't tell the suits at Goldman—they're still trying to patent 'blockchain, but with Excel spreadsheets.'

• Ethereum may explode after four years of silent accumulation, an analyst claims.

• The analyst believes ETH trading above $2,400 could signal the start of a major bull cycle.

• Merlijn’s chart hints at a massive breakout brewing for Ethereum’s next move.

Ethereum is showing signs of waking up after a long and quiet period. A new analysis from Merlijn The Trader suggests that ETH might be on the edge of a powerful move.

He is of the opinion that ethereum has been in a consolidation phase in the last four years. The price did not excite much during this period, and it moved mostly horizontally. This is described by traders as a charging-up period. It is that period when there is accumulation, followed by a major move.

The Silent Ethereum Accumulation Can Be Coming to an End

Ethereum began an aggressive rally in 2020. It saw the price go up by 54 times in a short period in that time. Then, instead of maintaining such a powerful course, the ETH price calmed down to a more moderate zone.

Many traders lost patience and gave up. Others quietly accumulated more coins, waiting for the next big move. Only a few stayed focused through this waiting game.

Source: X

The chart shows that this period of consolidation might now be over. According to Merlijn, this is not just a normal breakout. He describes it as the start of something much bigger. The new green zone on the chart hints at the potential for a strong upward rally. However, the exact target for this next MOVE is still unclear.

A Repeat of History Could Lead to A Massive Bull Run

Ethereum’s price is now trading above $2,400. Investors suggest that if this breakout plays out, it is a sign that a new bull cycle may have started. In case ETH produces the same move like the 54X run, the price may attain unforeseen peaks.

The excitement is growing as more traders notice this setup. Old patterns suggest that big moves often come after long periods of low activity. Merlijn’s analysis calls attention to the patience needed in crypto investing.