Ethereum: Déjà Vu All Over Again? 🧐

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My dear friends, it appears that Ethereum, that most capricious of digital currencies, is engaging in a spot of historical reenactment. Having briefly flirted with the vulgarity of $3,800, it now seems determined to repeat a performance last seen in the rather distant past of 2016-2017. One almost suspects a lack of originality, doesn’t one? 🙄

A Familiar Folly: Ethereum Echoes the Past

Back in those bygone days, before everyone was quite so terribly excited about these digital baubles, Ethereum trailed pathetically behind Bitcoin. A most unbecoming spectacle! It suffered a series of minor defeats with each enthusiastic upward surge. Eventually, it settled into a period of tedious indecision, punctuated by a couple of false starts – quite the drama, really – before finally achieving a breakout. How dreadfully predictable.

And now? Precisely the same! Ethereum has spent the last year oscillating between hope and despair, plagued by “fakeouts” that have, naturally, kept the price rather stubbornly low. Just as in 2017, a rather precipitous decline – almost 50%, imagine! – created what some are calling a “bear trap.” A trap, I assure you, exquisitely designed for the unsuspecting. As a certain Mr. Merlijn The Trader on that amusing platform formerly known as Twitter so astutely observes.

The similarities, it seems, are not merely coincidental. The same range, the same false promises, the same eventual – one hopes – triumph. It’s all rather… well, rather déjà vu. If history is truly to repeat itself, we may expect the next act to follow the 2017 script precisely.

In 2017, after this charming little bear trap and subsequent breakout, Ethereum experienced a most unseemly rally, increasing by a rather vulgar 5,000% in less than a year. From a mere $8 to over $250! If such a thing were to occur again in 2025, we might find ourselves contemplating prices as high as $40,000. Though, of course, one must maintain a certain degree of skepticism.

A more… conservative estimate – and one rarely advocates conservatism, mind you – suggests that Ethereum might at least manage to surpass $10,000. A mere 200% increase, a trifle for those of us accustomed to the finer things. And all this, apparently, within the next six months. How delightfully swift!

But there is a novelty this time, you see. Ethereum now boasts the approval of those rather serious people known as “institutional investors.” Over $7 billion, according to data from The Block, has been poured into this digital venture, and a staggering $2 billion arrived in July 2025 alone. Clearly, even the financially prudent are succumbing to its allure. 💸

Mr. The Trader suggests that these institutions are now the ones orchestrating the performance, mirroring the setup of 2017. Higher liquidity, he proclaims! Major players determining the price! One can only hope they possess a sense of dramatic flair. ✨

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2025-07-24 14:16