Ethereum: 10,000% Boom, 90% Crash – Next Big Roller Coaster?

by

In the dim glow of the cryptocurrency market, Ethereum stands stubborn at the $2,000 line, a stubborn protagonist in a harsh, ever‑churning landscape. The spirit of resilience does not come from an angelic gospel, but from a grim, iron will that refuses to buckle under a bearish tide. Enter Merlijn The Trader, a spectral figure in the world of crypto analysts, who whispers that the same old pattern that once wrestled 10,000% gains and 4,000% surges might yet rise again, like a stubborn stegosaurus refusing to be left behind in a modern jungle.

Ethereum’s Chart Now Mimics the Past: A Tale of Reckless Optimism

Merlijn, through a three‑week strip of numbers, shows a pattern that could be mistaken for an old folk’s song shouted around a campfire. Three separate cycles – consolidation, trendline retest, parabolic rally – repeat themselves like a chorus that never gives up the beat. The first act of 2016‑2018 started within the bleak $3-$5 trench; the coin waded through a stagnant $11.5‑$27.5 zone, building bump‑by‑bump higher lows behind a rise.

When that invisible wall finally gave way, the price shot like a startled pigeon in a thunderstorm, leaping to about $1,400 in 2018 – a monstrous 10,000% rise that was the equivalent of a factory worker striking a match in the middle of a blizzard. Yet, as swift history tends to be with those who sleep on their laurels, the crash that followed sucked almost ninety percent of that value and dragged the price back down to a demeaning $80-$100 by late 2018, resetting the game as if a child had knocked over a domino tower.

The second chapter, from 2018 to 2021, saw Ethereum floundering near $80-$100, then circling around a new $300‑$400 plateau. A rising trendline stood watch behind, patiently awaiting a reversal. When the coin dared to test it, it exploded beyond $4,800 by late 2021, higher than a pretender asking for the throne. The surge carried DeFi as a fleet of hurrying mice and NFTs as a circus of dazzling post‑its. Still, the beast eventually crashed again, sliding below $1,000 by mid‑2022 – a stark reminder that the market can turn a roaring flame into a fizzle in an instant.

Today’s Scene: Another Playing of the Same Dramatic “Script”

Under the current sun, Ethereum now sits in a majestic $3,000-$4,000 square, a red‑box grandstand that has more voices of dread than hope. The trendline below it grows taller with each passing day, like an impatient father waiting for his child to reach a milestone. The consolidation in this box is the kind of staccato rhythm that tells you the market is tired, weary of its own promises.

Merlijn suggests that if Ethereum keeps its footing above $2,000, a break out might force the market into that same parabolic theatre. And if the coin falters, it will slide back into a gorge, only to rise again when the next wave of speculation takes hold. The narrative remains unchanged: a cycle poised at the edge of a precipice.

Read More

2026-03-27 16:41