3 Ethereum charts flash signal last seen in 2017 when ETH price rallied 25,000%

Quick Summary:

Dragonfly doji hints ETH bulls are regaining controlEther is flashing a rare Dragonfly Doji candlestick on its monthly chart, the same structure that preceded its historic 25,000% rally during the 2017 bull cycle.

Onchain data points to ICO-era-style ETH accumulation sentimentEthereum’s MVRV Z-Score, a key onchain metric used to identify market tops and bottoms, has re-entered the historical accumulation zone (the green band in the chart below), strengthening the argument that ETH may have found its cycle bottom.

Source: TradingView/Merlijn The Trader“In every cycle, this zone triggers a reversal — and this time is no different,” he wrote in his X post on April 30, adding:“Now begins what could be Ethereum’s most explosive rally yet.”In early 2017, ETH also bounced from this exact same parabolic trendline during its initial breakout phase.

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Article Details

Author / Journalist: Cointelegraph by Yashu Gola

Category: Crypto

Markets: United States

Topics: Chart Onchain 2017 Pattern Price Rally Ethereum’s Cycle Candlestick Parabolic Trendline

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-30 @ 22:00:00 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 422 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Coin Telegraph

News ID: 28303434

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