Ethereum Mirrors 2019 Cycle – Could $5K Be Next?

Altcoin Analysis

Ethereum (ETH) is showing early signs of recovery after what many analysts have described as its longest bear market to date.

Currently trading at around $4,377, ETH has seen a modest 1% dip over the past week, but technical signals suggest that the broader trend may finally be turning.

Technical Indicators Point Toward Strength

On shorter timeframes, Ethereum’s Relative Strength Index (RSI) remains neutral near 50, suggesting room for momentum in either direction.

Meanwhile, the MACD indicator is approaching a potential bullish crossover, reflecting growing market optimism after weeks of sideways action. Ethereum’s market cap currently stands at $528 billion, reinforcing its dominant position as the second-largest cryptocurrency.

Analyst Compares ETH to 2019–2020 Cycle

According to renowned market analyst Michaël van de Poppe, Ethereum’s breakout above the 20-week EMA marks the start of a new uptrend.

He compared the current setup to late 2019 and early 2020, when ETH began recovering after a prolonged downturn, eventually leading into the last major bull cycle. Van de Poppe stressed that this rally won’t be a short-lived event, hinting at a multi-month continuation phase.

With the network’s fundamentals strengthening and institutional attention remaining high, traders are watching closely to see whether ETH can build on this breakout and target the $4,600–$5,000 range in the near term.

If history repeats itself, Ethereum could be on the cusp of another extended bullish cycle, with analysts pointing out that the parallels to previous market recoveries are becoming increasingly difficult to ignore.

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Author

Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.

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