Ethereum (ETH)’s recent price structure is compared to the 2020 cycle.
At the time of this writing, ETH's price was around $3,900, with daily trading volume of $33.3 billion. The token has fallen 4% in the past 24 hours and 3% in the past week.
Prices are below previous highs
Ethereum is trading just below its previous all-time high, a level last tested before the 2020 rally. According to Cryptocium, the current structure looks almost the same. In both periods, ETH paused at resistance after months of consolidation, but then gained momentum and broke out.
$ETH – History repeats itself
Ethereum may seem slow right now, but it is actually forming the exact same price movements we saw in the 2020 cycle.
ETH remains at the previous ATH level, but the RSI is retesting the bearish trend line.
Same thing, different time pic.twitter.com/v7YV7pvzNM
— Cryptocium (@Cryptocium_id) October 21, 2025
Notably, the current resistance area is around $4,000 to $4,100. Analysts note that ETH needs to close above this level to confirm continued movement. Until then, prices remain in a zone that rejects any attempts to move higher.
Additionally, the Relative Strength Index (RSI) also follows a familiar path. During the 2020 move, the RSI spent months below the trend line before breaking just before the rally. ETH is currently testing similar lines again.
Cryptosium described the setup as follows:same thing, different time”, notice how the current RSI structure matches the previous RSI structure. It is possible that the RSI has broken out, indicating a change in momentum. For now, traders are waiting to see if this pattern holds.
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Traders Monitor $3,900–$4,100 Zone
Javon Marks posted a chart showing Ethereum retesting the breakout zone around $3,900. He noted that a cautious move from this setup could push ETH above $8,000 if this level holds. This type of projection uses the height of the previous range to estimate the next movement.
DaanCrypto says:You would want to see the daily closing price above that pointOther analysts added that a drop to $3,750 would open the door to a long-term setup if the rebound continues. If not, prices may try a lower range.
Large buyers remain active
Despite mixed price trends, demand from institutional investors continues. BitMine Immersion Technologies made new Ether purchases this week. The company acquired $250 million worth of ETH from Bitgo and Kraken. crypto potato Reported.
The inflow of funds was also graphed. Ethereum-based products generated $205 million in sales last week. The 2x leveraged ETP brought in $457 million, showing that the big players are still holding positions during this consolidation.
