Is Ethereum a Repeat of 2021? Reasons Why a 200% Rise May Happen

Ethereum has experienced a significant price decline over the past week, peaking over the weekend and pulling prices back to levels not seen in over a month. This volatility follows the established bearish trend of June and continues to show increased selling pressure on the cryptocurrency. However, with this decline has emerged a trend similar to what was seen in 2021, just before the bull run and the beginning of the altcoin season. Ethereum Falls Sharply Similar to 2021 Looking at the current price movement of Ethereum and what was seen in the second quarter of 2021, there are some remarkable similarities. Most notably, the price movement of Ethereum in June so far resembles what happened in June 2021. In 2021, the price of Ethereum started June trading at over $2,600. However, as the month progressed, this altcoin experienced several declines and fell below $2,000 before the end. Ultimately, the price would bottom out somewhere around $1,600 before the end of the downturn.

Using historical performance, this indicates that the bearish momentum of Ethereum is far from over. If June 2021 repeats, then Ethereum could face an additional 20% fall before the end of June, to find a bottom somewhere between $1,600 and $1,700. Momentum for Altcoin Season Since Ethereum is the largest altcoin in the market, it naturally acts as a trigger for the altcoin season. Looking back at 2021, the altcoin season began when the price of Ethereum started to rise. However, the recovery did not start until July and eventually lasted until November. So far, investors have had a positive outlook for July 2025, as there have been rumors of interest rate cuts. This is expected to trigger a bull run in the market for risk assets such as Bitcoin and Ethereum, along with the fact that a solution to the Iran-Israel conflict may be underway.

If this trend continues, the price of Ethereum could start to be bullish in July. As seen in 2021, Ethereum surged over 200% within five months, reaching a new all-time high in November.