Ethereum Mirrors Past Bull Run Patterns—Is a Breakout Next?

Ethereum could mark its eighth red month in 2025 with prolonged negative monthly closes.

Galaxy Digital moved over 24,000 ETH to Bitmine within hours, signaling organized institutional accumulation for staking or reserves.

Ethereum’s 2025 consolidation mirrors 2021 patterns and could potentially set up a similar larger breakout.

Ethereum (ETH) trades at $3,467.81 with a 24-hour volume of $31.5 billion, dropping 2.99% in the past day but gaining 3.96% over the week, showing mixed short-term market movement.Past trends show that long periods of decline often come before a rise.

Price Patterns and Projections

During Ethereum’s 2021 bull run, the price moved from $300 to $500, a similar pattern is now happening between $3,000 and $5,000.This is suggesting that after a period of sideways trading ETH tends to rise sharply

Red arrows are showing past resistance points, while green arrows mark possible bottoms. Indicating areas where Ethereum’s price could change direction for it looks like the coin is preparing for another upward move.

Source Tweet on X

Traders are keeping an eye on these levels to see how the next price movement develops.If the 2025 trend follows what happened in 2021, a break above the $3,000–$5,000 range could start a new upward momentum.

Monthly Performance Trends

According to insights shared on X by @cryptorand, if Ethereum closes November 2025 in the red, it would mark its eighth losing month this year. The only other year with more red months was 2018, which had nine negative monthly closes.

Historically, Ethereum has shown strong first-quarter gains followed by mid-year corrections. For example, January 2021 rose 78.51%, March 2017 increased 214.11%, and April 2020 went up 55.04%. In contrast, June and September usually see average declines of –6.85% and –6.35%.

Even with this downtrend, Ethereum’s long-term average monthly returns remain positive, around 20.63%, hinting at potential accumulation before a new uptrend.

Large Institutional Movements

Several large Ethereum transfers were made from Galaxy Digital to Bitmine. Each transaction ranging from 2,580 to 4,433 ETH, adding up to over 24,000 ETH, worth more than $80 million.Bitmine is likely a custodial or operational entity receiving Ethereum for staking or reserves.

These kinds of transfers are common in OTC (Over-the-Counter) trading,and they let large amounts move without affecting the market price. The repeated and precise transfers suggest careful planning, likely by institutional buyers

Observers are tracking follow-up movements to see if these actions signal accumulation or selling pressure.

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