Today’s crazy prediction is that Ethereum might be gearing up for a comeback story worthy of the big leagues.
Ted Pillows, a savvy crypto analyst, spotted a pattern, a long-term, slow-burn setup that’s been cooking since 2017.
$ETH has retested the lower channel once every cycle.
In 2017, it led to 300x gain.
In 2021, it led to 50x gain.
If even 6x gain happens this cycle, ETH will pump above $10,000. pic.twitter.com/OYI9pKFs55
— Ted (@TedPillows) June 27, 2025
And if history’s any guide, we could be staring down the barrel of a serious rally.
Multi-year pattern
Now, ETH’s been playing it cool lately, not much fireworks in price. But Pillows points out this multi-year ascending channel, imagine a steady climb with dips that bounce off a support line.
Every time Ethereum’s dipped to that lower boundary, boom, it’s launched into a powerful upside move. Back in 2017, that move was 300x rally. In 2020, a solid 50x gain followed.
This time? Pillows isn’t promising the moon, but even a sixfold jump that could shove ETH past $10,000. Not shabby at all.
Not the first time
Why more modest? Well, Ethereum’s no rookie anymore. It’s got a $292 billion market cap, and big institutional players are sniffing around. But bigger cap needs bigger capital to moving.
That means less swings but more steady muscle flexing. Other market watchers, like Crypto Patel, back this bullish vibe, saying ETH needs to reclaim $2,800 first to really kick the bulls into gear.
Right now, though, Ethereum’s stuck under some tough resistance. June saw ETH hit $2,600 twice and get slapped back down.
Bulls are itching for a breakout to push toward $4,000, the peak of this cycle so far. But the charts haven’t quite given the green light yet.
Bullish signs
On the network side, things are heating up. Ethereum’s fees jumped 130% in the last week, hitting $10.26 million.
That’s like the network’s busy signal, showing heavy action. Plus, exchange withdrawals surged to $293 million, meaning more people are moving their ETH into self-custody wallets.
They’re saying, I trust myself more than the exchange, and that’s a vote of confidence. A bullish one.
At the moment, ETH’s trading around $2,421, with daily gains flat and volume down 16% to $15.23 billion. It’s a quiet before the storm vibe.
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