Ethereum Gears up for Breakout, but Resistance Zone Poses Short-term Risk

Ethereum may be on the verge of replicating Bitcoin’s legendary 2020 surge, according to crypto analyst. His latest chart comparison shows ETH following a nearly identical structure to BTC’s pre-breakout phase — including a red resistance line, a sharp mid-cycle shakeout, and a re-accumulation period.

“Same structure. Same brutal shakeout. Same explosive breakout ahead,” Merlijn wrote. He highlighted that Ethereum, like Bitcoin back in 2020, appears to be “loading the cannon” just before a major move.

If the pattern holds, ETH could be preparing for a vertical run that mirrors Bitcoin’s rise from under $10,000 to nearly $60,000 in under a year.

However, short-term caution remains.

Analysis from crypto research firm MakroVision points to immediate overhead resistance in the $3,727–$3,965 range. Ethereum recently tapped this zone at around $3,730, where it began showing early signs of weakness. While the long-term trend remains bullish following a strong rally from the May lows, MakroVision warns that a pullback to $3,270 is increasingly likely if the asset fails to break above $3,965 convincingly.

“A pullback after a strong rally would be technically sound,” the firm noted. “However, a breakdown below $3,270 would raise the risk of a deeper correction.”

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At the time of writing, Ethereum trades around $3,650, still hovering near key resistance. Momentum traders are watching closely: a decisive move above $3,965 could open the path toward fresh all-time highs.

In the meantime, Merlijn’s message is clear: the structure is in place — and this may be the last opportunity to catch Ethereum before a potential breakout. As he put it: “You know how it ends. Just don’t miss it this time.”

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.