Ethereum (ETH) has surged past the $3,000 mark, prompting analysts to draw parallels with its 2017 market structure, which saw ETH rise from $56 to over $1,100. Analyst Leshka.eth highlights similarities in the current ETH/BTC chart to the 2015–2018 period, suggesting a potential 3X–4X rally in the next six months. Despite this bullish outlook, Leshka remains cautiously bearish, acknowledging the possibility of a different outcome. Ethereum's price has gained nearly 4% in the last 24 hours, with a 2% increase over the past week. A sustained close above $3,000 is seen as crucial, with traders eyeing a potential move to $3,200. Michaël van de Poppe notes Ethereum's recovery against Bitcoin, emphasizing the importance of holding key support levels for trend continuation. Meanwhile, Ethereum's open interest has rebounded to previous highs, indicating renewed trader activity despite the price being 32% below its October peak. On-chain data shows non-empty ETH wallets exceeding 175 million, the highest across all crypto networks. However, spot ETH ETFs experienced a net outflow of $63.53 million on January 27, suggesting cautious behavior among large holders.