Ethereum (ETH) is showing macroeconomic conditions similar to its 2021 rally, emphasizing the importance of risk management amid potential drawdowns. Analysts noted a cyclical pattern connecting global liquidity, small-cap stocks, and ETH price movements, suggesting a repeat of previous events. A stable support level around $2,720 reinforces this outlook, indicating long-term holders are active despite market volatility. Continued accumulation suggests a bullish sentiment among investors, hinting at potential price increases if historical correlation patterns hold.