Ethereum Price Mirrors Bitcoin’s 2024 Recovery Structure as Analysts Target $6,400

TLDR

• Ethereum price repeats Bitcoin’s 2024 recovery pattern after tariff-driven crash.
• Strong support forms around $3,600 following steep market correction.
• Liquidity cluster between $4,400–$4,800 could attract bullish movement.
• Analysts project Ethereum rally toward $5,300 and $6,400 resistance zones.

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Ethereum price is showing striking similarities to Bitcoin’s 2024 recovery pattern, according to a leading market analyst.

Ethereum Price Comparison Charts Show Historical Repetition

The analyst noted that Bitcoin’s rebound began once price action stabilized around the $52,000–$55,000 range following the August drop. From there, BTC embarked on a parabolic advance that carried it to highs above $110,000 by early 2025.

Ethereum’s current structure appears to be forming a nearly identical setup, consolidating around the $3,600–$3,700 zone, mirroring Bitcoin’s historical accumulation base before its breakout.

Ethereum illustrates this symmetry clearly. Bitcoin’s mid-2024 selloff was labeled the “Yen Carry Trade” correction, where the asset fell into a liquidity pocket near $52,000 before resuming an upward trajectory.

Ethereum price’s ongoing correction, described as the “Tariff Crash,” has established a similar reaction zone near $3,600. Both highlighted teal zones on the chart indicate where price previously met heavy demand before reversal.

Analysts emphasize that Bitcoin’s rebound began precisely when broader sentiment turned most pessimistic, a dynamic now unfolding with Ethereum. Despite widespread fear in early October, Ethereum’s chart shows repeated absorption of selling pressure at that $3,600 support level, suggesting the presence of large buyers.

Should the pattern hold, the next critical step for the Ethereum price would be reclaiming the overhead resistance zone around $4,200–$4,400, shown in gold on the chart. This area represents the previous supply barrier and aligns closely with the liquidity cluster highlighted in subsequent analysis.

Liquidity Clusters Indicate High-Volume Resistance Zones on Ethereum Price

Data from CoinGlass reinforces this technical setup. Liquidity charts show a dense order block between $4,400 and $4,800. This level matches the analyst’s observation that a major liquidity cluster exists in that range. Historically, such zones attract price movement as traders seek to fill resting orders. This makes the Ethereum price a natural magnet during recovery phases

ETH Liquidity Chart | Source: X

If macroeconomic conditions, such as a potential US-China trade resolution, provide bullish tailwinds, Ethereum may attempt to tap this liquidity zone. However, failure to regain momentum above $4,000 could see the price retest the $3,200–$3,400 support band before any renewed advance. These areas represent key battlegrounds for bulls and bears over the coming sessions.

Re-Accumulation Phase Points to Medium-Term Upside on Ethereum Price

Supporting the bullish argument, weekly Ethereum price charts show a completing a re-accumulation phase following its multi-year accumulation base between 2022 and 2023.

The analyst’s structure labels two consolidation periods: the first representing long-term accumulation below $2,000, and the second marking a re-accumulation range between $3,000 and $4,400 during 2024–2025.

ETH 1-week Chart | Source: X

Price has already broken above this re-accumulation box, briefly tapping the $4,800 region before pulling back to the 0.618 Fibonacci retracement level around $3,600. This retracement aligns with classical Wyckoff theory, where markets often retest the midpoint of a breakout range before continuation. If Ethereum maintains this structure, Fibonacci projections suggest potential targets between $5,300 and $6,400.

 

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