11 June 2025
Updated 12 June
Updated 12 June
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Ethereum Shows Rare Chart Signals Indicating Potential Bullish Momentum
Crypto strategist Kevin has identified a crucial moment for Ethereum (ETH), highlighting rare monthly chart signals that could lead to significant altcoin performance. He noted strong bullish momentum across various indicators, asserting that the current setup is unprecedented.
Key Points
- Ethereum printed a "monthly demand candle" in May 2025, historically signaling uptrends after corrections.
- The Market Cipher momentum wave shows a green dot buy signal, and VWAP has crossed above zero.
- The monthly RSI is at 51, yet to break the critical 70-level associated with parabolic price action.
- Whale accumulation is returning, indicating renewed interest from large investors after a year of selling.
- Ethereum's dominance chart is showing signs of reversal after two years of downtrend.
- The ETH/BTC pair reflects similar positive patterns as Ethereum’s dominance chart.
- Macroeconomic conditions will play a vital role in confirming this bullish outlook.
- Historically, Ethereum tends to outperform Bitcoin in the post-halving year; the current period aligns with this trend.
At press time, ETH was priced at $2,739.