{"id":19606,"date":"2025-04-30T21:00:00","date_gmt":"2025-04-30T21:00:00","guid":{"rendered":"https:\/\/gold.creditcard\/3-ethereum-charts-flash-signal-last-seen-in-2017-when-eth-price-rallied-25000\/"},"modified":"2025-04-30T21:00:00","modified_gmt":"2025-04-30T21:00:00","slug":"3-ethereum-charts-flash-signal-last-seen-in-2017-when-eth-price-rallied-25000","status":"publish","type":"post","link":"https:\/\/gold.creditcard\/es\/3-ethereum-charts-flash-signal-last-seen-in-2017-when-eth-price-rallied-25000\/","title":{"rendered":"3 Ethereum charts flash signal last seen in 2017 when ETH price rallied 25,000%"},"content":{"rendered":"

Key takeaways:<\/strong><\/p>\n

Ether price printed a rare monthly Dragonfly doji candlestick, which is often seen before major ETH bull market cycles.<\/p>\n

ETH is retesting its long-term parabolic support zone that preceded its historic 2017 rally.<\/p>\n

The MVRV Z-Score has entered the accumulation zone, signaling undervaluation.<\/p>\n

Ethereum\u2019s native token, Ether (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

Dragonfly doji hints ETH bulls are regaining control<\/h2>\n

Ether is flashing a rare 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

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

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

ETH\/USD monthly price chart. Source: TradingView<\/em><\/p>\n

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

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, beginning with an initial run toward $2,100<\/a>. <\/p>\n

Ethereum tests long-term parabolic support, just like in 2017<\/h2>\n

Chartist Merlijn the Trader 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

ETH\/USD weekly price chart. Source: TradingView\/Merlijn The Trader<\/em><\/p>\n

\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

\u201cNow begins what could be Ethereum\u2019s most explosive rally yet.\u201d<\/p>\n

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

Related: <\/strong><\/em>Ethereum\u2019s \u2018capitulation\u2019 suggests ETH price is undervalued: Fidelity report<\/strong><\/em><\/a><\/p>\n

The current retest in 2025 mirrors that breakout setup, suggesting a cyclical pattern may be repeating.<\/p>\n

Onchain data points to ICO-era-style ETH accumulation sentiment<\/h2>\n

Ethereum\u2019s 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

Ethereum MVRV-Z Score chart. Source: Glassnode<\/em><\/p>\n

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

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>","protected":false},"excerpt":{"rendered":"

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 […]<\/p>","protected":false},"author":0,"featured_media":19607,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[9],"tags":[],"class_list":["post-19606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-finance"],"_links":{"self":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/19606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/comments?post=19606"}],"version-history":[{"count":0,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/19606\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media\/19607"}],"wp:attachment":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media?parent=19606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/categories?post=19606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/tags?post=19606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}