DOGE Price Could Repeat ETH’s 2021 Breakout Cycle Soon

DOGE’s weekly chart now mirrors Ethereum’s past rounded breakout structure, suggesting a cyclical alignment between the two assets.

Analysts note Ethereum’s breakout historically preceded the coin’s explosive rally by several months, forming a pattern of momentum lag.

Both charts display similar consolidation bases, suggesting that Dogecoin may soon follow Ethereum if the latter confirms its bullish continuation.

DOGE could be preparing for a major breakout similar to Ethereum’s 2021 rally, according to a new chart comparison shared on October 28. The analysis by “Cantonese Cat” reveals that Dogecoin’s price structure now resembles Ethereum’s setup from its last pre-rally phase, fueling speculation about a possible repeat of history.

Source: DOGE(X) Chart Parallels Between DOGE and ETH Strengthen Market Curiosity

The shared TradingView chart places the token’s weekly price pattern above Ethereum’s, revealing nearly identical rounded-bottom structures. For Ethereum, this formation preceded a decisive move past resistance near $1,400 in 2021, ultimately leading to a multi-thousand percent rally.

Dogecoin, currently hovering near $0.20, is displaying a similar long-term cup pattern beneath a central horizontal resistance zone. The chart suggests that if it follows Ethereum’s timeline, its breakout could occur a few months after ETH fully confirms its next upward move.

Traders recall that Ethereum’s breakout occurred after years of consolidation, as its surge began once volume expanded and momentum indicators turned positive. The coin appears to be forming the same structural setup, which many view as a sign of maturing price cycles across major altcoins.

Market Signals Show Timing Correlation Between Assets

Ethereum’s historical chart shows a breakout phase around early 2021, marked by heavy buying and subsequent exponential gains. The recent annotated chart identifies a new breakout area forming near $4,100, suggesting ETH may be approaching a comparable technical threshold again.

In comparison, DOGE’s long-term range appears to be confined below the $0.20–$0.25 band, an area that has acted as resistance in past rallies. Once ETH initiated its strong move in 2021, the cryptocurrency followed shortly after, implying that a similar lag could occur if Ethereum leads another major market cycle.

Market observers argue that these visual analogies point to synchronized behavior between high-cap tokens, where momentum in Ethereum often precedes meme-coin rallies. This sequence historically fueled massive inflows into the coin, attracting retail traders once Ethereum’s gains slowed.

Can DOGE Repeat Its 2021 Performance After Ethereum’s Next Move?

The critical question now circulating among traders is whether DOGE can replicate its previous post-Ethereum breakout performance in the current environment. With Ethereum’s price holding above $4,000 and its accumulation pattern intact, some believe the setup may already be in motion.

Both assets are exhibiting long-term base formations, often associated with the onset of new bull markets. Should ETH sustain its uptrend, the probability of the token’s delayed rally could rise, repeating the rhythm seen four years ago.

Although no specific timeline is provided, the alignment of both charts suggests a possible resurgence of cyclical capital rotation. Traders are watching to see if DOGE’s historical delay pattern repeats once Ethereum’s momentum gains traction once again.