Ethereum is forming a price structure against Bitcoin similar to what it saw eight years ago, and a full mirror could significantly impact its price.
Notably, this pattern has four phases, of which the $ETH/$BTC pair is in the third phase. Historically, what comes after the current phase is a parabolic expansion to unprecedented prices.
Key Points
- Ethereum is forming a price structure against Bitcoin similar to that seen eight years ago, and a full mirror could significantly impact its price.
- This pattern has four phases, of which the $ETH/$BTC pair is in the third phase.
- If history repeats, the structure could spark a three- to fourfold rally in Ethereum over the next six months.
- This does not mean Bitcoin will correct; it simply means it could consolidate or grow slightly while $ETH pumps
Ethereum Following Clear Pattern
Market enthusiast “Leshka.eth” shared an analysis on the development pattern that Ethereum is following against Bitcoin. This has persisted since 2018, with $ETH entering different phases in a setup that could have bullish consequences when fully formed.
The pattern starts with the consolidation phase, in which the $ETH/$BTC pair consolidated after a dump from its June 2017 all-time high of 0.156. This lasted until early 2021, when it broke out to reach a high of 0.088 in December 2021.
After this, the accumulation phase kicked in. Ethereum consolidated within a descending channel for over four years, breaking out from the wedge following its August 2025 rally. Currently, the $ETH/$BTC pair is in the retest phase. Historically, this is the penultimate stage and precedes the “rally” phase.
Repeating Pattern on the $ETH/$BTC Chart
History Could Repeat
Notably, this clearly follows a pattern that played out between 2015 and 2018. Ethereum followed the same pattern of consolidation, accumulation, retest, and expansion, and the analyst highlighted that it took the coin from $56 to $1,151.
Leshka.eth argued that this could spark a three- to fourfold rally in Ethereum over the next six months. He emphasized that it is difficult to believe even for himself, but the developing pattern “screams about it.”
However, he spotted a few differences between the last time the pattern formed and now. First, he noted that the accumulation phase lasted longer than the previous one.
He also mentioned that institutions have now entered the game, staking billions worth of Ethereum. Additionally, there is a massive shortage of Ether on centralized exchanges, proving a more bullish case for Ethereum.
Caveat to Note
According to him, he is generally bearish on Ethereum but sees the possibility of this playing out. Notably, if it does, Ethereum could rally extensively against Bitcoin. This does not mean Bitcoin will correct; it simply means it could consolidate or grow slightly while $ETH pumps.
However, there is still no guarantee of this. While the $ETH/$BTC pair has shown signs of life this week, it would need to sustain this trend beyond a short-term move to make this feasible.
