I noticed that ETH is staying above $2,300, and this is starting to resemble the 2017 situation. Several traders are discussing that the pattern is a classic accumulation cycle with a breakout — back then, the coin grew from 100 to over 1,000 in a few months. Now, we see a similar structure on the ETH/BTC chart, although the price is still 32% below the peak. Analysts are talking about a potential 3-4 times growth over a 6-month horizon if the current support level is maintained. Interestingly, open interest in futures has returned to highs despite the price lagging behind. Could this divergence indicate hidden demand? The number of ETH addresses is increasing, but ETFs have seen capital outflows — it looks like a rotation among investors. If the pattern is truly a repeat of 2017, the key is to hold the support level and wait for a move to 3,200. For now, I’m watching and waiting for confirmation.