Price charts of Ethereum (ETH) in 2016 and 2024-2025 show an interesting repeating pattern that may lead to a similar significant growth as in 2017. Ethereum faced a sharp increase after a volatile trend in 2016. Recently, this digital currency has followed a similar pattern, dropping to around $2400 in early 2024, growing to $4000, and now testing the support level of $2400 again. If this support is maintained, a new upward trend may begin, but if this level fails, further decline is possible. The price movement from the lowest level in 2024 to date indicates a more than $2000 increase. A quick price rebound after a sharp drop can be a sign of market strength, provided that support levels resist market pressure. Meanwhile, whales have been very active in the past 48 hours, purchasing 1.10 million Ethereum units. These extensive purchases coincided with a sharp price drop followed by a quick recovery. Such purchases usually indicate a market growth prediction. If whales continue their buying trend, the possibility of a new upward trend exists, but if they start selling, more downward pressure will come into the market. Currently, Ethereum is at a critical point, and its next move will have a significant impact on short-term price trends. You can check the live prices of all tokens and cryptocurrencies on the momentary price page.
