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Ethereum seems to be moving slowly. Despite a steady rise since the end of April, the crypto struggles to impress. Its price hovers around $2,600, while technical efforts are intensifying. Yet, the community continues to believe in an imminent explosion. And some analysts think the wait is coming to an end. Powerful indicators are emerging and suggest a major reversal. For Ethereum, the June scenario is already being written under the sign of technical awakening.
In Brief
- Ethereum shows a rare demand candle, a strong signal of a long and sustained market recovery.
- The monthly stochastic RSI crosses in a V shape, the first since the 2020 bull cycle.
- The MACD forms a symmetrical triangle, indicating possible release of energy accumulated over four years.
- Ethereum outperforms Bitcoin and triggers the first signs of recovery on the altcoins front.
Ethereum and Crypto: Three Signals Announce a Possible Explosion
A major reversal of Ethereum’s crypto, anticipated as the origin of a 250x stronger altseason, could well be unfolding before our eyes. This is the observation of Kevin, a technical strategist, who decided to make a dedicated video on the subject:
I see things so historic that I cannot ignore them.
Three powerful signals converge. The first, the demand candle observed in April, marked a turning point. This type of rare candle has only appeared twice since 2020. Each time it preceded a major bull run.
The second element, the monthly stochastic RSI, shows an imminent crossover out of the oversold zone. This “V” shaped crossover is reminiscent of that in 2020, which occurred just before a price explosion.
Finally, the MACD displays remarkable compression over four years. The indicator forms a symmetrical triangle, often interpreted as a sign of energy ready to be released.
This convergence on monthly charts is not common. Kevin concludes:
These structures are too important to be ignored.
Ethereum’s Role Facing Bitcoin and Altcoins
Ethereum never evolves alone. Its behavior relative to Bitcoin and other altcoins often outlines the market trend. Kevin emphasizes:
Ethereum is the key to sustainable altcoin outperformance.
The ETH/BTC ratio is a crucial indicator. Today, this ratio reaches the 0.5 Fibonacci retracement level of the 2020–2021 rally. It stabilizes at the same point as in 2019, just before the previous bull run. Even more, ETH/BTC prints green Heikin-Ashi candles on the historical support.
Ethereum dominance also shows a reversal, with demand candles similar to those of 2019. The technical momentum is clear.
In parallel, the price of Ethereum has risen 90% while Bitcoin only gained 50%. This dynamic fuels hope for an altcoin cycle. Kevin sums it up:
Ethereum leads the dance. When it wakes up, the rest of the market follows.
This reading echoes the view of other analysts who view the maintenance of price above the VWAP as a strong sign.
Ethereum’s New Dynamics Beyond the Chart Signals
Beyond technical signals, Ethereum shows a willingness to evolve. The ecosystem is transforming, aligned with market expectations. One of the most noteworthy elements is the rise in monetary flows. After reaching their historical lows, these flows are trending up again. Kevin speaks of “silent accumulation by whales.”
Meanwhile, Ethereum continues to attract attention through signals like the VWAP which has just crossed the zero line. Momentum is picking up, selling pressure is easing. The crypto seems to be slowly repositioning itself towards a new cycle.
Some key data:
- Monthly RSI for ETH/BTC stayed below 20 for 1,066 days;
- The MACD has compressed for 4 years;
- ETH gained 90% while BTC rose 50%;
- VWAP just crossed the zero line;
- Demand candles observed on ETH dominance.
Ethereum seems ready to start a new cycle. The crypto is taking its time, but the signals are there.
In this context, the dream of wider Ethereum adoption continues to gain ground. The latest example: ETF staking. This new prospect was enough to cause a 50% jump in Ethereum’s value in one month. The crypto is sparking new enthusiasm among investors, at the crossroads of traditional and decentralized markets.
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La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
