Ethereum Charts Flash Rare Signal Not Seen in Years, Says Analyst

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In his latest macro-technical analysis, crypto strategist Kevin (@Kev_Capital_TA) has flagged a perchance pivotal infinitesimal for Ethereum (ETH), arguing that a confluence of uncommon monthly illustration signals—some not seen successful years—could beryllium laying the groundwork for durable altcoin outperformance. Speaking successful a video posted June 9, the expert described the existent Ethereum setup crossed aggregate timeframes arsenic “something we’ve ne'er seen before,” drafting comparisons to humanities signals that preceded large rallies successful 2016, 2018, and 2020.

Ethereum Primed For Macro Breakout

Kevin emphasized that Ethereum present exhibits beardown bullish momentum crossed its USD pair, dominance chart, and ETH/BTC ratio, pointing to a simultaneous alignment of respective high-time framework indicators. “These are things that conscionable don’t popular up each day,” helium said. “Matter of fact, these are things that person astir ne'er popped up successful specified confluence passim past for Ethereum.”

The halfway of Kevin’s thesis hinges connected what helium calls a “monthly request candle”—a large, typically greenish candlestick that emerges aft a protracted correction. Ethereum printed specified a candle successful May 2025 pursuing astir a twelvemonth of sideways chop and 5 months of drawdown. Historically, these request candles person marked the commencement of important uptrends. Kevin cited analogous structures successful 2016, 2018, and during the COVID-19 crash successful 2020, each of which preceded multi-month rallies.

“This whitethorn beryllium the astir textbook request candle we’ve ever had,” helium noted, adding that “the past clip we saw thing similar this was earlier ETH ran for astir a twelvemonth with hardly immoderate large correction.”

Supporting the candle investigation is simply a synchronized bullish crook successful respective method indicators. The Market Cipher momentum question has clipped into the oversold portion and printed a confirmed greenish dot bargain signal. Simultaneously, the VWAP—volume-weighted mean price—has crossed supra the zero line, and wealth travel has started to inclination upward. Kevin was explicit astir the value of this configuration: “Let maine archer you something: this is simply a large deal.”

The monthly RSI, presently sitting astatine 51, has not yet breached the important 70-level that historically marks the onset of parabolic terms action. According to Kevin, “ETH has ne'er adjacent breached 70 this cycle. You haven’t seen what’s imaginable yet for Ethereum—or for altcoins successful general. You’ve seen thing yet.”

He besides highlighted the instrumentality of whale accumulation, measured done a proprietary “whale wealth flow” indicator. After exiting ETH positions for implicit a year—from March 2024 to May 2025—whale flows person shown a V-shaped bottommost and are present turning up. “We are present starting to spot accumulation durably here,” Kevin said. “You support proceeding that BlackRock’s buying ETH, and I don’t cognize if that’s reflected successful this indicator, but we are decidedly seeing whale enactment hap connected the monthly clip frame.”

The expert went further, showing that Ethereum’s banal RSI connected the monthly timeframe has not lone bottomed retired but is present rebounding sharply—a signifier that historically precedes long-duration uptrends. “This is assertive movement,” helium explained, noting that for confirmation, the RSI inactive needs to transverse the 20-level, but emphasized that the existent signifier of the rebound is stronger than successful erstwhile cycles.

Ethereum Shows Relative Strength

Another cardinal portion of the puzzle is Ethereum’s dominance chart, which tracks ETH’s marketplace headdress comparative to the remainder of the crypto abstraction excluding Bitcoin. Kevin pointed to a imaginable treble bottommost connected the monthly illustration and a recently confirmed MACD momentum shift, the archetypal successful implicit 2 years. “That’s 2 years and 1 period of downtrend yet reversing,” helium said.

Finally, the ETH/BTC brace is showing a near-identical operation to Ethereum’s dominance chart. Kevin believes this confluence is key. “Look astatine that—wow, that’s funny—it looks the same. You find your large debased close wherever you recovered it successful 2020. The monthly indicators are each curling up.”

Still, helium remained measured successful his optimism, noting that macroeconomic conditions—particularly monetary policy—remain indispensable for confirming the bullish case. “It’s going to instrumentality immoderate monetary argumentation shifting. We inactive request ostentation to travel successful line. But the marketplace is surviving 4 to six months ahead. If the marketplace starts to sniff retired that easing is coming, we’ll spot that reflected successful plus prices earlier it happens.”

Referencing rhythm mentation and humanities post-halving performance, Kevin argued that ETH’s caller comparative spot fits some narratives. “Typically, ETH and altcoins commencement to outperform Bitcoin successful the post-halving year. We’re halfway done that window—and it looks similar it’s yet starting.”

Looking ahead, helium sees Ethereum arsenic the “major key” that unlocks wide altcoin outperformance. “ETH opens the doorway to soaking up marketplace cap, which volition past leak down into mid-caps and small-caps. Everything starts with ETH.”

While reiterating that patience is crucial, Kevin concluded with conviction: “The monthly timeframe indicators person ne'er been much historically connected our side. I deliberation we’re connected the verge of thing truly big.”

At property time, ETH traded astatine $2,739.