A comparison of charts for Ethereum, the second-largest cryptocurrency by market capitalization, and gold has revealed that Ethereum is mirroring the precious metal’s accumulation pattern from 2019 to 2024. This conclusion was drawn by a user known as crypto_goos.
$ETH is looking like Gold…
Send it higher! pic.twitter.com/ucLj8HGH0i
— CryptoGoos (@crypto_goos) June 2, 2025
The analyst observed a breakout pattern on both charts, consisting of an impulse and four waves of consolidation.
Gold completed the model with a breakout above $2100 in early 2024, showing a rise of more than 60% to record highs above $3400. Ethereum may now be following a similar trajectory, rebounding from the low of point 4 near $1600 and approaching the resistance zone of $3000–3500 — akin to gold’s breakout point.
A user named CryptoProject6 noted similarities between Ethereum’s current situation and that of 2016-2017. Repeating such a structure could lead to a price increase to $5000-6000, the specialist remarked.
$ETH Giant Fractal Is Screaming
Range → Shakeout → Breakout → Parabola
We’re seeing the same structure play out almost candle for candle
Only difference now
The base is 100x larger
The fundamentals are 10x stronger$5k — $6k EASY THIS CYCLE pic.twitter.com/WZYJKV913m
— Crypto Eagles (@CryptoProject6) June 2, 2025
“The only difference now: the base is 100 times larger, the fundamentals are 10 times stronger,” he added.
The model consists of four distinct stages: a multi-month consolidation period, a sharp pullback forming a bull trap, a breakout above resistance, and parabolic growth.
In 2017, this structure led to a price increase of more than 1000% from below $10 to over $1400.
The current situation indicates that Ethereum is moving along a similar trajectory, ranging from $1600 to $4000, followed by a sharp pullback. A rebound is currently developing towards a potential breakout zone around $3500–4000.
Crypto Eagles suggests that the price could rise to the $5000–6000 range in the coming months if the “candle for candle” fractal continues to unfold.
The presented analysis aligns with the view of CoinDesk analyst Omkar Godbole, who noted the potential for a price increase to $6000 by the end of the year.
In recent weeks, weekly inflows into Ethereum funds reached $321.4 million. Over the past six weeks, the figure has hit a record $1.19 billion, the highest since December 2024. The successful Pectra update remains a driving force.
Earlier, Bernstein analysts identified three main factors for Ethereum’s growth.