July 29, 2025
5 min read
Scott Matherson
Ethereum’s price structure mirrors Bitcoin’s 2020-2021 breakout, signaling a potential surge to 0,000 and beyond if resistance breaks.
Ethereum Price Could Surge to $20,000 as ETH Mirrors Bitcoin’s 2021 Breakout Pattern
The Ethereum price may be setting the stage for a historic breakout, as new technical analysis suggests that ETH is closely mirroring Bitcoin’s price action from 2020 to 2021. Currently consolidating beneath a long-term downtrend line and approaching critical resistance, Ethereum could see a significant move to $20,000 if this historic pattern continues.Ethereum Price Mirrors Bitcoin’s Historic 2021 Pattern
According to crypto market expert Ted Pillows, Ethereum’s current price structure shows a striking resemblance to Bitcoin’s breakout phase in late 2020. Pillows’ analysis reveals ETH following a nearly identical pattern of accumulation, re-accumulation, and compression within a descending triangle fractal — the same pattern Bitcoin displayed before its parabolic bull run in 2021. At that time, Bitcoin surged from approximately $9,550 to around $64,000, marking a 570% increase. Similarly, Ethereum has emerged from a prolonged consolidation phase and is now testing the downtrend resistance line that has capped its highs since the 2021 peak. If ETH breaks through this diagonal resistance, a vertical surge toward $29,500 could become technically viable, representing a roughly 672% increase from its current price near $3,820.
The projected path mirrors Bitcoin’s trajectory after breaking out of its long-term downtrend, triggering a rapid and exponential move. The chart also suggests a potential breakout zone aligning with the timing of the previous cycle’s price expansion, indicating Ethereum could be preparing for its most powerful price rally yet.
While the immediate target is around $29,500, the top of the green shaded zone on the chart suggests Ethereum could peak above $58,500 — a historic breakout representing a surge of roughly 1,432%, placing ETH at nearly half of Bitcoin’s price of $118,940 at the time of writing.
Analyst Sets $5,000 as ETH’s Minimum Target
Due to Ethereum’s recent bullish momentum, several analysts have forecasted a rally toward the $5,000 mark, which would set a new all-time high for the leading altcoin. However, Ted Pillows considers $5,000 a baseline minimum target, emphasizing his strong conviction in ETH’s bullish potential. Pillows marks Ethereum’s recent consolidation as a re-accumulation zone, laying the foundation for a significant rally. With a breakout from its long-term resistance in sight, his analysis suggests Ethereum could enter an extended bull phase with limited overhead resistance.Featured image from Getty Images, charts from Tradingview.com and Ted Pillows on X.
For more detailed analysis, visit the original article on NewsBTC.