{"id":24602,"date":"2025-04-30T21:01:46","date_gmt":"2025-04-30T21:01:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24602"},"modified":"2025-04-30T21:01:46","modified_gmt":"2025-04-30T21:01:46","slug":"3-ethereum-charts-flash-signal-last-seen-in-2017-when-eth-price-rallied-25000","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24602","title":{"rendered":"3 Ethereum charts flash signal last seen in 2017 when ETH price rallied 25,000%"},"content":{"rendered":"<div>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5Njg3MzAtZWQ2NC03ODM5LTgxNmItMmY0ODI3OGY2YmQ1.jpg\"><\/p>\n<\/p>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5Njg3MzAtZWQ2NC03ODM5LTgxNmItMmY0ODI3OGY2YmQ1.jpg\" alt=\"3 Ethereum charts flash signal last seen in 2017 when ETH price rallied 25,000%\"><\/p>\n<p><strong>Key takeaways:<\/strong><\/p>\n<ul>\n<li>\n<p>Ether price printed a rare monthly Dragonfly doji candlestick, which is often seen before major ETH bull market cycles.<\/p>\n<\/li>\n<li>\n<p>ETH is retesting its long-term parabolic support zone that preceded its historic 2017 rally.<\/p>\n<\/li>\n<li>\n<p>The MVRV Z-Score has entered the accumulation zone, signaling undervaluation.<\/p>\n<\/li>\n<\/ul>\n<p>Ethereum\u2019s native token, Ether (<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/ethereum-price\" rel=\"\" target=\"_self\" text=\"null\" title=\"https:\/\/cointelegraph.com\/ethereum-price\">ETH<\/a>), is flashing a combination of technical and onchain signals once seen in the early stages of its 2017 bull run, a cycle that produced over 25,000% gains.<\/p>\n<h2>Dragonfly doji hints ETH bulls are regaining control<\/h2>\n<p>Ether is flashing a rare <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/what-is-a-doji-candle-pattern-and-how-to-trade-with-it\" rel=\"null\" target=\"null\" text=\"null\" title=\"https:\/\/cointelegraph.com\/news\/what-is-a-doji-candle-pattern-and-how-to-trade-with-it\">Dragonfly Doji<\/a> candlestick on its monthly chart, the same structure that preceded its historic 25,000% rally during the 2017 bull cycle.<\/p>\n<p>This pattern is confirmed when the price prints a long lower wick, little to no upper wick, and closes at or near its opening level.<\/p>\n<p>On Ether\u2019s monthly chart, the candlestick reflects a sharp intra-month rejection of lower prices, suggesting that bulls are beginning to regain control after an extended downtrend.<\/p>\n<figure><img decoding=\"async\" alt=\"3 Ethereum charts flash signal last seen in 2017 when ETH price rallied 25,000%\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-04\/019687b1-aae1-755a-9934-b26d2f91ebd5\" title=\"\"><figcaption style=\"text-align: center;\"><em>ETH\/USD monthly price chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>In December 2016, Ethereum formed a similar monthly Dragonfly doji before erupting from under $6 to over $1,400 in over a year. The same pattern has been seen, with smaller upside, in 2021 and 2023, where ETH gained over 80% and 145%, respectively.<\/p>\n<p>If bulls confirm the signal with a strong May open, especially above April\u2019s high of around $1,950, Ethereum could be primed for another multimonth rally, <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/ethereum-price-has-several-reasons-break-2000-next\" rel=\"\" target=\"_self\" text=\"null\" title=\"https:\/\/cointelegraph.com\/news\/ethereum-price-has-several-reasons-break-2000-next\">beginning with an initial run toward $2,100<\/a>. <\/p>\n<h2>Ethereum tests long-term parabolic support, just like in 2017<\/h2>\n<p>Chartist Merlijn the Trader <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/MerlijnTrader\/status\/1917609892665516091\" rel=\"null\" target=\"null\" text=\"null\" title=\"https:\/\/x.com\/MerlijnTrader\/status\/1917609892665516091\">points<\/a> to Ethereum retesting its long-term parabolic support, (the green zone in the chart below) that has consistently acted as a launchpad for new uptrends.<\/p>\n<figure><img decoding=\"async\" alt=\"3 Ethereum charts flash signal last seen in 2017 when ETH price rallied 25,000%\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-04\/01968820-1232-77e3-a769-a1a800b326f9\" title=\"\"><figcaption style=\"text-align: center;\"><em>ETH\/USD weekly price chart. Source: TradingView\/Merlijn The Trader<\/em><\/figcaption><\/figure>\n<p>\u201cIn every cycle, this zone triggers a reversal \u2014 and this time is no different,\u201d he wrote in his X post on April 30, adding:<\/p>\n<blockquote><p>\u201cNow begins what could be Ethereum\u2019s most explosive rally yet.\u201d<\/p><\/blockquote>\n<p>In early 2017, ETH also bounced from this exact same parabolic trendline during its initial breakout phase. The trendline supported ETH throughout that year, fueling the vertical move to $1,400 from around $6.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/ethereum-s-capitulation-suggests-eth-price-is-undervalued-fidelity-report\" rel=\"\" target=\"_self\" text=\"null\" title=\"https:\/\/cointelegraph.com\/news\/ethereum-s-capitulation-suggests-eth-price-is-undervalued-fidelity-report\"><em><strong>Ethereum\u2019s \u2018capitulation\u2019 suggests ETH price is undervalued: Fidelity report<\/strong><\/em><\/a><\/p>\n<p>The current retest in 2025 mirrors that breakout setup, suggesting a cyclical pattern may be repeating.<\/p>\n<h2>Onchain data points to ICO-era-style ETH accumulation sentiment<\/h2>\n<p>Ethereum\u2019s <a data-ct-non-breakable=\"null\" href=\"https:\/\/studio.glassnode.com\/charts\/market.MvrvZScore?a=ETH\" rel=\"nofollow noopener\" target=\"_blank\" text=\"null\" title=\"https:\/\/studio.glassnode.com\/charts\/market.MvrvZScore?a=ETH\">MVRV Z-Score<\/a>, 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.<\/p>\n<figure><img decoding=\"async\" alt=\"3 Ethereum charts flash signal last seen in 2017 when ETH price rallied 25,000%\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-04\/01968831-9c62-7ece-a1a4-0fc259881bb0\" title=\"\"><figcaption style=\"text-align: center;\"><em>Ethereum MVRV-Z Score chart. Source: Glassnode<\/em><\/figcaption><\/figure>\n<p>In past cycles, Ethereum\u2019s MVRV Z-Score dipped into this green zone in late 2018, March 2020, and mid-2022. All of these dips coincided with market bottoms and preceded multimonth to multi-year rallies.<\/p>\n<p class=\"post-content__disclaimer\" type=\"\">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" label=\"Subscription Form: Markets Outlook\"><\/template>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Key takeaways: Ether price printed a rare monthly Dragonfly doji candlestick, which is often seen before major ETH bull market cycles. ETH is retesting its long-term parabolic support zone that preceded its historic 2017 rally. The MVRV Z-Score has entered the accumulation zone, signaling undervaluation. Ethereum\u2019s native token, Ether (ETH), is flashing a combination of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-24602","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24602"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24602\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}