{
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        "rendered": "Ether price gained 200% the last time this global liquidity signal flashed"
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        "rendered": "<div data-testid=\"html-renderer-container\">\n<p>Ether (<a href=\"http:\/\/cointelegraph.com\/ethereum-price\">ETH<\/a>) is flashing a familiar macroeconomic setup that preceded a major rally in 2021. One analyst highlighted a recurring sequence linking global liquidity, US small-cap equities and Ether\u2019s price, suggesting a similar impact could unfold for the altcoin.  <\/p>\n<p data-ct-non-breakable=\"undefined\"><strong>Key takeaways:<\/strong><\/p>\n<ul>\n<li>\n<p>Ethereum surged 226% in 2021 after a key global liquidity threshold was met.<\/p>\n<\/li>\n<li>\n<p>ETH accumulation addresses show a rising realized price near $2,700, reinforcing the structural support.<\/p>\n<\/li>\n<\/ul>\n<h2>Global liquidity-led setup mirrors 2021 breakout for ETH<\/h2>\n<p>Crypto analyst Sykodelic highlighted a recurring pattern that links the global liquidity, the Russell 2000 index, and Ethereum\u2019s potential breakout.<\/p>\n<p>The sequence follows three steps: a breakout in global liquidity, followed by a breakout in the Russell 2000, and then a delayed breakout in Ether. On the current monthly chart, the same order has once again appeared.<\/p>\n<figure>    <img decoding=\"async\" alt=\"Cryptocurrencies, Ethereum, Markets, Cryptocurrency Exchange, Price Analysis, Market Analysis, Altcoin Watch\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-01\/019beb7e-d2d1-7ca9-be48-a682aca7e4ff.jpg\" title><figcaption><em>Global liquidity, Russell 2000, and ETH price setup. Source: X\/Sykodelic<\/em><\/figcaption><\/figure>\n<p>Sykodelic noted that global liquidity had already broken out, with the Russell 2000 following. Ether historically lags this move, typically breaking out several weeks later. <\/p>\n<p data-ct-non-breakable=\"undefined\">In 2021, ETH began its major rally roughly 119 days after the Russell confirmed its breakout. In that sense, ETH could exhibit a breakout in March 2026.\u00a0<\/p>\n<p>The monthly candle on the Russell is also closely matching the prior cycle, suggesting a similar risk-on regime. The last time these indicators aligned, Ethereum surged 226% between March 2021 and November 2021.<\/p>\n<p>This supports the view that liquidity conditions, rather than short-term technical indicators, could set the long-term trend for high-beta assets like ETH.<\/p>\n<p data-ct-non-breakable=\"undefined\"><a href=\"https:\/\/cointelegraph.com\/news\/eth-funding-rate-turns-negative-but-will-ether-bulls-take-the-bait\"><em><strong>Related: ETH funding rate turns negative, but will Ether bulls take the bait?<\/strong><\/em><\/a><\/p>\n<h2>Russell 2000 leadership and ETH accumulation support<\/h2>\n<p>On X, Max, the CEO of BecauseBitcoin, noted that the Russell 2000 has historically led Ethereum into price discovery phases.<\/p>\n<p>With the Russell 2000 reaching a new all-time high at 2,738 on Thursday, the analyst said this leadership could again favor upside expansion for ETH in the coming weeks if the correlations hold.<\/p>\n<p>Onchain data also shows continued accumulation. <a href=\"https:\/\/cryptoquant.com\/analytics\/query\/65e6a5e6830b4403b137994c?v=65e6a5f1bae98a1d2574c0ac\" rel=\"nofollow noopener\" target=\"_blank\" title=\"https:\/\/cryptoquant.com\/analytics\/query\/65e6a5e6830b4403b137994c?v=65e6a5f1bae98a1d2574c0ac\">CryptoQuant data<\/a> indicates that the realized price of ETH accumulation addresses is rising and currently sits near $2,720.<\/p>\n<figure>    <img decoding=\"async\" alt=\"Cryptocurrencies, Ethereum, Markets, Cryptocurrency Exchange, Price Analysis, Market Analysis, Altcoin Watch\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-01\/019beb7d-a5ec-7a63-8bc7-cad1265e076e.png\" title><figcaption><em>ETH realized price for accumulation addresses. Source: CryptoQuant<\/em><\/figcaption><\/figure>\n<p>The realized price of accumulation addresses has historically acted as strong support for long-term holders and has not been broken in prior drawdowns. The proximity of the realized price to the spot suggests accumulation remains active, even during volatility.<\/p>\n<p data-ct-non-breakable=\"undefined\">If ETH revisits this zone, analysts estimate downside could be limited to roughly 7%, placing a potential local bottom near $2,720. The level also aligns with external liquidity zones, increasing the likelihood of a trend response if tested.<\/p>\n<figure>    <img decoding=\"async\" alt=\"Cryptocurrencies, Ethereum, Markets, Cryptocurrency Exchange, Stocks, Price Analysis, Market Analysis, Altcoin Watch, Liquidity\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-01\/019beed9-0d4d-7e75-9450-64ad90f3e705.png\" title><figcaption><em>Ethereum one-day chart. Source: <\/em><a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\" rel=\"nofollow noopener\" target=\"_blank\" title=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\"><em>Cointelegraph\/TradingView<\/em><\/a><\/figcaption><\/figure>\n<p><a href=\"https:\/\/cointelegraph.com\/news\/buterin-distributed-validators-can-make-ethereum-staking-simpler\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/buterin-distributed-validators-can-make-ethereum-staking-simpler\"><em><strong>Related:\u00a0Buterin tips distributed validators to simplify Ethereum staking<\/strong><\/em><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" label=\"Subscription Form: Markets Outlook\"><\/template><\/div>\n<p data-testid=\"post-category-disclaimer\"><span>This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.<\/span><\/p>",
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