The past week has seen Ethereum experience a capitulation candle, indicating a potential surge in the next two to three months. Crypto analyst Ted Pillows has identified a repeating capitulation pattern for Ethereum, with similar events occurring in early 2025, Q1 2024, and Q3 2023. These capitulations have historically marked the bottom before significant price rebounds. The previous two capitulations resulted in 100% rallies over three months, with the price reaching $3,950. With another capitulation moment occurring in early 2025, Pillows suggests a similar pattern will repeat, setting the stage for an upward move. If Ethereum follows its previous trajectory, the next eight to twelve weeks could bring a significant price increase, potentially surpassing its all-time high and reaching a target of $8,000. However, resistance near $3,950 may trigger rejections and temporary pullbacks. Despite Ethereum's current struggles, institutional investors are increasing their ETH holdings, with Spot Ethereum ETFs recording $513.8 million in inflows in the past six trading days. This accumulation suggests growing confidence in Ethereum's long-term potential and may support the projected surge. At the time of writing, Ethereum is trading at $2,725, down 4% in the past 24 hours.



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