Degen

Merlin Trader, a well-known cryptocurrency analyst, published an analytical chart stating that Ethereum is repeating the exact same pattern that previously caused Bitcoin to grow 7 times.

According to this analysis, the price movement structure can be summarized in three stages: initial accumulation, re-accumulation, and finally a big jump (Run-up). The exact same pattern that Bitcoin went through from 2018 to 2021 is now visible in the Ethereum price chart between 2022 and 2025.

According to this model, Bitcoin rose from around $9,000 to above $60,000 after breaking through its historical resistance in 2020. Merlin believes that Ethereum could follow a similar path and enter a price jump phase in 2025. In this analysis, events such as trade wars and economic pressures are considered equivalent to the economic shocks of the Corona pandemic for Bitcoin.