Will #美联储重启降息步伐 Ethereum retrace the same crazy bull run route as it did in 2021? Recently, the ETH/BTC chart has given many veteran players a sense of déjà vu.

An analyst at Odaily Planet Daily noticed a detail: the current level of the ETH/BTC exchange rate is almost exactly the same as it was before the 2021 bull market started. Trader Mags has been studying the chart for several days and found that the rate has returned to that crucial support level from back then—the very place where the last cycle began. Digital asset lawyer Joe Carlasare also gave his assessment: this exchange rate has broken out of the downward channel that lasted for half a year.

The price action of $ETH is also worth watching. Well-known trader Michaël van de Poppe gave a specific expectation: if Ethereum can hold this area, which has flipped from resistance to support, $3,700 is not a dream. His other view is even bolder—so long as Bitcoin can hold the $91,500 level, there’s a very high probability it will test the $100,000 mark next week.

$BNB and $DOGE , as market sentiment indicators, are also experiencing significant volatility.

History never repeats itself exactly, but it often rhymes. Will the story of 2021 play out again in 2025? The market is giving its own answer.