Ethereum Nears $2,000 Support – Could a 9,377% Rally Follow?

• Ethereum’s support at $2,000 aligns with past breakout levels.
• Ethereum’s previous gains of 9,377% in 2017 and 4,700% in 2021 suggest more upside.
• Ethereum’s price at $1,827 indicates possible gains if it holds key support.

It’s been an incredible ride for its native currency Ethereum (ETH) since 2017; supported by data, ETH provided a story in itself. Simply put, over the last few years, ETH has been on an Olympic-caliber run between 9,377.13% in 2017 and a still cool 4,731.42% in 2021.

$ETH 1M – At the bottom of the blue HTF uptrend.

Previously ran approximately +9,400% in 2017 & +4,700% in 2021 from it.

Cut returns in half again, you are looking at a crazy upside target when the next expansion occurs.

The moral of the story is there is big opportunity here. pic.twitter.com/uVfDJAI3SU

— Chris (@StonkChris) April 3, 2025

As of April 3, 2025, the price of Ethereum is testing considerable support off the long-term uptrend while holding just above $1,800. Knowing that Ethereum’s past bull runs in 2017 and 2021 were dictated by an expansion pattern from the blue trendline, where it sharply surged from $1,393.76 in 2017 to $4,177.10 in 2021; a technical analyst, @StonkChris, poses the fundamental question: Is Ethereum set for its next big leg up?

Support at Gann Levels: Opening Up For Huge Upside?

Ethereum’s position currently lies in a zone near its long-term uptrend, where Gann levels might play vital influence. Should the spiral from the previous runs play once again, Ethereum would stand on the verge of another rocket launch. Gann support was tested by each vigorous price point in the past before massive upside moves. In 2021, Ethereum’s price reached about $4,177.10 after 4,731.42% gain from earlier.

Some analysts now speculate that as it tests support again, the next expansion could take Ethereum to the upside, especially since it is trading below the $2,000 level. For hyper-spectators of the chart, the green-highlighted areas represent very heavy accumulation areas on the monthly level chart followed by the breakout. Those historical references have been pivotal in forecasting Ethereum’s skyrocketing price behavior.

Ethereum’s Current Trend and Future Targets: Ready for a Breakout?

Ethereum, according to the latest readings, is trading at $1,827.54, with a 0.30% gain. The cryptocurrency is near the support level of its blue uptrend. If Ethereum can manage to stay above this support zone,then it has a high probability of price eruption. Following in line with the history from 2017 and 2021, values that could be in the thousands of percentage points could be expected for ETH yet again. They know the resistances; $4,177 probably holds as a target in the next months.

With the $2,000 range coming under close watch, the possibility for accumulation would also occur below $2,000 for long-lovers of Ethereum, with a potential hefty payday as soon as that next upswing moment kicks in.

So What Is the Best Use Case to Trade on? The Gann Levels and History AlignUp

Basically, this tells us that history favors a Gann level approach in price action trading of Ethereum. Truly, Ethereum has rewarded handsomely every time it has offered a bullish retracement towards long-term trendline support. The Gann theory basically states that the prices follow cyclic patterns for the swings, and Ethereum has been repeatedly undergoing this. During our analysis, it appeared that Ethereum had given one such beautiful Gann trade on February 24…

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