Ethereum News Today: Ethereum Surges 5.73% Daily, Mimics Bitcoin’s 2020 Bull Run

Ethereum has exited its re-accumulation phase and is currently mirroring Bitcoin’s 2020 V-shape recovery structure with strong upward momentum. The price of Ethereum has reclaimed a macro resistance trendline, confirming the start of a bullish breakout aligned with historical patterns. Technical analysis signals Ethereum could replicate Bitcoin’s 2020 cycle path, pointing toward a potential rally back to previous all-time highs.

Ethereum appears to be following the historical path of Bitcoin’s previous market cycle, signaling a potential shift toward a strong bullish phase. Crypto analyst Titan of Crypto shared a comparative chart showing Ethereum’s current structure closely resembles Bitcoin’s 2018–2021 cycle. The left side of the chart outlines Bitcoin’s journey from accumulation to a decisive V-shape recovery. This structure included prolonged consolidation, repeated resistance tests, and a sharp recovery that triggered the 2021 bull run. On the right side, Ethereum’s current pattern shows a striking resemblance. After bottoming in the 2022–2023 period, Ethereum moved through an accumulation zone, followed by several failed breakout attempts. These movements align with Bitcoin’s earlier structure. Similar to Bitcoin’s temporary dip in 2020, Ethereum entered a re-accumulation phase, influenced by global economic uncertainties. According to the analyst, Ethereum is now following the same blueprint that preceded Bitcoin’s explosive growth.

The recent breakout above Ethereum’s macro descending trendline signals the conclusion of its re-accumulation phase. Price action has shifted toward a decisive move higher, confirming the beginning of a V-shape recovery. The technical setup now reflects Bitcoin’s behavior after March 2020, when it reclaimed a similar structural level before rallying to new highs. Ethereum’s price currently stands at $3,143.19, posting a 5.73% daily gain and a 20.86% rise over the past week. With the re-accumulation zone left behind, the bullish structure remains intact. The chart shared by Titan of Crypto outlines a projected upward trajectory marked in light blue, suggesting Ethereum could follow a similar ascent to Bitcoin’s 2020 path.

The structural and technical similarities between Ethereum’s current phase and Bitcoin’s past cycle suggest Ethereum may be in the early stages of a major upward trend. With the breakout level holding firm, market behavior now favors bullish momentum. Bitcoin’s price is at $117,828, up 0.59% over 24 hours and 8.63% over the last week, reinforcing broader market confidence. As long as Ethereum sustains this momentum above its breakout zone, the trend remains favorable for continued growth.

Ethereum has recently mirrored Bitcoin's 2020 breakout, showcasing a V-shaped recovery that has gained significant momentum. The cryptocurrency has surged over 100% from its April lows, rebounding from approximately $1,400 to near $2,800. This upward trajectory has been driven by positive technical indicators, suggesting a bullish momentum similar to Bitcoin's performance in 2020. As of July 15, 2025, Ethereum's price has dipped slightly below 3,000 USDT, currently trading at 2,993.16 USDT. This minor fluctuation does not detract from the overall bullish trend observed in the market.

The crypto market has been on an upward trajectory ahead of the US inflation data release, with Ethereum nearing the $2,800 mark. Altcoins have mirrored Bitcoin's upward momentum, recording solid gains. This rally is indicative of a broader market recovery, with Ethereum leading the charge. The positive sentiment in the market is further bolstered by the fact that Ethereum's price has shown resilience, bouncing back from its April lows with impressive vigor. The technical indicators for Ethereum are bullish, suggesting that the cryptocurrency is poised for further gains. The V-shaped recovery observed in Ethereum's price action is reminiscent of Bitcoin's performance in 2020, when the leading cryptocurrency experienced a significant breakout. This parallel in price action suggests that Ethereum could be on the cusp of a similar breakout, potentially surpassing the $2,850 barrier. The positive technical indicators, coupled with the overall bullish sentiment in the market, provide a strong foundation for Ethereum's continued upward trajectory.