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The ‘MicroStrategy’ of Ethereum has emerged, with Fundstrat’s Tom Lee and Joe Lubin making moves to advance their respective ETH treasuries. Tom Lee has emerged as the Chairman of BitMine, which will hold ETH, while Lubin is already the Chairman of SharpLink Gaming. Lee and Lubin Raise $675 Million for Ethereum Treasury Strategy Tom Lee and Joe Lubin have already advanced their plans to create the ‘MicroStrategy’ of Ethereum. On Tom Lee’s end, BitMine announced a $250 million private placement to raise capital for its Ethereum strategy. The Bitcoin mining company stated that the net proceeds of the offering will be used to acquire ETH, which will become the firm’s primary reserve asset.  Related Reading: Crypto Analyst Predicts $10,000 ATH For Ethereum This Cycle, Here’s Why BitMine plans to close this private placement on or about July 3, as it aims to become one of the largest publicly traded ETH holders with Tom Lee as the Chairman of the Board. On the other hand, SharpLink Gaming, with Joe Lubin’s help, is already the largest publicly traded Ethereum holder.  The company earlier launched its Ethereum treasury with a $425 million ETH purchase. SharpLink Gaming recently announced that it has increased its total ETH holdings to 198,167 ($475 million), further establishing its position as the ‘MicroStrategy’ of Ethereum. Between June 23 and 30, it acquired 9,468 ETH for $22.8 million at an average price of $2,411 per ETH.  During that same period, SharpLink Gaming also raised an additional $24.4 million through its At-The-Market (ATM) facility, selling $2.5 million shares. The company revealed that most of the proceeds will go toward further Ethereum acquisitions. As of June 30th, 100% of its ETH is staked, and the firm has earned 222 ETH in rewards since it began an ETH treasury company. Plans To Mirror Saylor’s Strategy In an X post, crypto commentator Eric Conner commented on how Ethereum is getting its own MicroStrategy era thanks to Lee and Lubin’s experiments. He highlighted BitMine’s proposed KPI of ‘ETH per share,’ which mirrors Saylor’s playbook, except that ETH earns yield in this instance through staking.  Related Reading: These Companies Are Following Saylor’s Strategy Into The Bitcoin Battleground With Over $2 Billion Slated To Buy BTC Conner further remarked that BitMine’s mining DNA lets it spin up validators and tap DeFi rails, turning a once-capital-intensive operation into a cash-flow engine secured by Ethereum. On the other hand, he noted that Joe Lubin and SharpLink Gaming’s move is bigger. SharpLink is already staking its ETH holdings and plans to explore other DeFi strategies. With this move, the crypto commentator declared that ETH becomes the reserve while yielding bankroll growth.  Lubin also recently raised the possibility of adding leverage to SharpLink Gaming’s Ethereum strategy, which will mirror Saylor’s strategy. He stated that they may do convertible equity and issue bonds at low rates, without putting the strategy at risk. At the time of writing, the Ethereum price is trading at around $2,444, down in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

CRYPTOWZRD, in his latest update on X, highlighted Ethereum‘s indecisive close, suggesting the market is still searching for clear direction. Despite the uncertainty, he remains optimistic, noting that both Bitcoin and BTC dominance are showing strength that could benefit ETH in the near term, with $2,800 marked as the next major resistance. Mixed Signals Across Ethereum Key Timeframes In the post, CRYPTOWZRD pointed out a mixed close for Ethereum across key timeframes. While the monthly candle ended indecisively, signaling some short-term hesitation, the quarterly candle closed with strong bullish conviction. This, he suggests, sets the stage for more upward movement in the coming months as higher timeframes begin to assert dominance. Related Reading: Ethereum Gears Up For Breakout Above $2,800 – Bullish Momentum Builds He emphasized that today’s daily candles for both ETH and ETHBTC closed similarly indecisive, reflecting the current uncertainty in the market. However, with Bitcoin dominance starting to decline, he sees potential for ETHBTC to pick up strength, which could, in turn, fuel Ethereum’s next leg up. According to CRYPTOWZRD, ETHBTC is already showing signs of life, moving upward from a monthly double-bottom formation. He believes that clean, bullish candles forming from the 0.02270 BTC region would inject fresh momentum into Ethereum, helping to drive it toward the $2,800 resistance, a key level on the radar. He added that unless any negative fundamental developments occur, $2,400 remains Ethereum’s main daily support zone. As long as this holds, the broader structure remains intact, and the bullish thesis stays valid. Looking ahead, CRYPTOWZRD plans to keep his attention on the lower timeframes tomorrow. With volatility in play and setups brewing, he’ll be watching closely for quick scalp opportunities as Ethereum navigates through this critical range. Waiting On Chart Confirmation For The Next Intraday Move In his closing remarks, the analyst noted that Ethereum’s intraday chart experienced heightened volatility throughout the day. Despite the choppy price action, he sees clear setups forming that could present solid trading opportunities in the near term. Related Reading: Ethereum Analyst Eyes High Timeframe Close – Range Break Above $2,800 Could Be Violent A decisive breakout and close above the $2,550 resistance level would be a strong bullish signal, potentially opening the door for a long entry. On the flip side, if the price pulls back toward the $2,380 support and forms a bullish reversal pattern, that too could serve as a valid trigger for a long position. With these scenarios in mind, the analyst plans to closely monitor the intraday chart. His focus will be on spotting a clean and high-quality setup, one that aligns with price structure and momentum to time the next scalp trade effectively. Featured image from Getty Images, chart from Tradingview.com

Nearly three years after the Merge formally switched Ethereum to proof-of-stake on 15 September 2022, a publicly listed Bitcoin miner is adopting the network’s native token as its primary treasury asset. BitMine Immersion Technologies (NYSE American: BMNR) on 30 June priced a $250 million private placement of 55,555,556 new shares at $4.50 each and appointed Fundstrat co-founder Tom Lee as chairman. The company’s SEC filing and press release make the purpose explicit: all net proceeds will be used to acquire and stake ether, a move management likens to Michael Saylor’s now-legendary Bitcoin strategy at MicroStrategy. Tom Lee Goes Full MicroStrategy On Ethereum Speaking hours later on CNBC’s Squawk Box, Lee framed the pivot as a logical response to the explosive growth of stablecoins, most of which settle on Ethereum. “Stablecoins, which is the ChatGPT of crypto, because it’s viral adoption by consumers, businesses, banks and now even Visa,” he said, underscoring why a treasury heavy in ETH could become strategically indispensable. Ethereum’s proof-of-stake design means that large holders who validate blocks “secure the fidelity of stablecoins,” Lee continued. “When Goldman issues a stablecoin and JP Morgan [issues] it on Ethereum as a layer-one blockchain, they’re going to want to secure it by staking Ethereum.” Related Reading: Top Analyst Predicts Major Ethereum Rally Toward $4,000 As Shorts Hit All-Time Highs Lee tied the long-term upside to macro numbers the US Treasury itself has started to cite. Stablecoins today hover around $250 billion; Treasury Secretary Scott Bessent recently suggested the figure could hit $2 trillion—a potential ten-fold expansion that, in Lee’s words, would “insure dollar dominance.” Because Ethereum already underpins more than half of stable-value tokens, a multi-trillion-dollar stablecoin market would translate directly into rising transaction fees for the network and, by extension, higher staking rewards for BitMine’s planned validator clusters. The private-placement syndicate reads like a who’s-who roster from both TradFi and crypto: MOZAYYX led the round, joined by Founders Fund, Pantera, FalconX, Republic Digital, Kraken, Galaxy Digital, Digital Currency Group, Diametric Capital and Occam Crest. Closing is expected on or about 3 July, subject to NYSE American approval. BitMine, headquartered in Las Vegas, will immediately deploy the ETH position into staking, giving the miner a yield-bearing balance-sheet asset while reinforcing Ethereum’s security budget. “One of the key performance metrics for BitMine going forward is to increase the value of ETH held per share,” chief executive Jonathan Bates said in the statement. For investors, the comparison with MicroStrategy is unavoidable but imperfect. Saylor’s company amassed bitcoin under a proof-of-work regime that offers no native yield; BitMine’s ether can generate income through both staking rewards and potential capital-markets transactions collateralized by those staked coins. Related Reading: Strong Ethereum Accumulation Detected: LTH Buying Heavy During June Consolidation Yet both strategies share a central bet: that a scarce digital asset sitting at the core of global finance will appreciate faster than cash alternatives on a corporate balance sheet. Whether BitMine achieves MicroStrategy-level returns will depend on execution, regulatory clarity for staking, and—most of all—Ethereum’s price path. What is clear, however, is that corporate treasuries are beginning to see ether not merely as “gas” for decentralized applications but as a strategic reserve asset in its own right. From a market-structure vantage, the new treasury model could translate into meaningful price torque for Ether if it scales. MicroStrategy’s serial purchases have now absorbed nearly 600,000 BTC—around 2.8 percent of the 21 million-coin cap—and coincided with Bitcoin’s ascent from roughly $11,000 in August 2020, when the company made its first buy, to more than $107,000 today, a near-ten-fold move. BitMine’s opening salvo—$250 million, or about 100,000 ETH at current prices—represents barely 0.08 percent of Ethereum’s 122 million-coin supply, yet roughly 28 percent of that supply is already locked in staking contracts while net issuance has turned negative post-EIP-1559, shrinking the freely tradable float. If even a handful of additional balance sheets emulate this “ETH-as-reserve” playbook, the resulting demand shock could replicate the supply-squeeze dynamics that propelled Bitcoin into six-figure territory. At press time, Ether traded at $2,459. Featured image created with DALL.E, chart from TradingView.com

Crypto analyst XForce has predicted that Ethereum could reach a new all-time high (ATH) of $10,000 in this market cycle. He acknowledged that there is yet to be a macro fundamental that supports this bullish outlook, but remarked that it remains “ideal.” Ethereum Eyeing Rally To As High As $10,000 In an X post, XForce stated that Ethereum is still looking to shoot for a new ATH this cycle and could end around $9,000 to $10,000. This followed his remarks that ETH’s move up on the shorter timeframes was objectively impulsive. In other words, these rallies were bullish with real-time technical indicators.  Related Reading: Is Ethereum Staging A Repeat Of 2021? Here’s Why A 200% Surge Could Follow As to what could drive this Ethereum rally to $10,000, XForce noted that there is no macro scenario providing a good look. However, he remarked that this rally to this ambitious target remains only ideal in nature, given the context. The analyst added that this idea remains his primary prediction for now.  Crypto analyst Venturefounder also recently predicted that Ethereum could reach this $10,000 price target in this market cycle. However, the analyst declared that ETH’s run to this ambitious target depends on whether the altcoin is able to flip $4,000 into support by the fourth quarter of this year.  Crypto analyst Titan of Crypto also recently suggested that Ethereum was ready for a lift-off. In an X post, he stated that after a failed breakout, ETH deviated below and found support right on the cloud. Now, the altcoin is back within the range. For a bullish momentum to resume, Titan of Crypto claimed that ETH must clear the cloud and reclaim the Kijun around $2,500. The analyst had previously predicted that Ethereum could rally to $8,500 in this market cycle.  An Ultra Bullish Scenario For ETH In response to his initial X post, XForce provided an alternative scenario for Ethereum, in which it could rally to as high as $150,000. The analyst remarked that it would be wild to see this play out, but that it remains an option based on an idealized 5-wave structure. ETH is expected to reach the $150,000 target on Wave 5.  Related Reading: Ethereum Price Crash To $2,100 Triggers Fear, But Why Are Analysts Predicting A Rally To $6,000? XForce’s accompanying chart showed that Ethereum could reach this $150,000 target by July 2028. The analyst remarked that the uber bullish scenario remains his alternative because there seems to be no logical approach for ETH to reach such levels. He again warned that neither scenario provides the proper context on the macro, but only remains ideal. As such, based on logic, XForce remarked that it is best to choose the best of the worst.  At the time of writing, the Ethereum price is trading at around $2,400, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

Ethereum has seen a notable spike in its daily transactions after a week filled with uncertain market movement. While the rise in the daily transactions has caught attention, what is really essential to point out is that it has been a long time since the daily transactions have been this high. In fact, the spike has led to the highest level that Ethereum’s daily transactions have been in over 16 months, showing a return to the blockchain that seemed previously abandoned. Ethereum Daily Transactions Cross 1.7 Million According to data from the on-chain data aggregation website, Nansen, the Ethereum daily transaction count has spiked by almost 50% over the last few days. The week had begun with the daily transaction count sitting at 1.2 million on Monday. However, by Wednesday, this figure was already changing rapidly to reach new yearly peaks. Related Reading: Extended Wave 5 Scenario Puts Bitcoin Price Above $300,000 With Step-Like Structure In Place As the Ethereum price rose above $2,400, so did participation on the blockchain, leading daily transactions to rise to 1.729 million. This sharp spike has led to the highest level so far in 2025, and is the first time since January 2024 that the daily transactions has crossed the 1.7 million mark. At the same time, there was also an unusual spike in the daily active addresses, which rose by almost 50% as well in the same time period. The daily active addresses rose from 345,406 addresses to 593,637 addresses in the space of four days. All of these have happened as the Ethereum price has recovered, suggesting that the spike in on-chain participation is actually more from investors buying than selling. If this trend continues, then it could send the Ethereum price soaring higher from here. Sell Volume Begins Dominating ETH Price In contrast to the rise in Ethereum on-chain participation, there has also been an increase in the on-chain sell volume compared to the buy volume. Nansen data points out that in the $168.37 million on-chain buy volume recorded in a 24-hour period, approximately $78.15 million was going toward buys, while a little over $90 million was from sellers. Related Reading: Ethereum Not Out Of The Woods Yet: Why Another 30% Crash To $1,800 Is Coming Furthermore, when it comes to individual transactions involved in buying and selling Ethereum, the sellers remain in the lead. There were more than 52,000 buy transactions recorded during this period, with around 24,300 buyers. While the sell transactions ran up towards 74,000, with sellers at more than 32,000. This shows a higher percentage of sellers compared to buyers, which would explain why the price has been unable to reach other support levels. This rise in the selling volume suggests that the buys are not enough to absorb the selling volume. This could fight off any buying momentum that could lead to a price recovery and keep the Ethereum price down while the crypto market struggles to find its footing. Featured image from Dall.E, chart from TradingView.com

Crypto analyst Crypto Wave has indicated that Ethereum could witness another significant price crash, presenting a bearish outlook for the altcoin. This price crash is expected to mark Wave C of a corrective move, with ETH dropping to as low as $1,800. Why Ethereum Could Still Drop To As Low As $1,800 In an X post, Crypto Wave declared that the primary expectation remains that Ethereum will see one more leg down in wave c of wave 2, targeting the zone between $1,950 and $1,700. Specifically, his accompanying chart showed that the largest altcoin by market cap could drop to around $1,800.  Related Reading: Ethereum Price Crash To $2,100 Triggers Fear, But Why Are Analysts Predicting A Rally To $6,000? The crypto analyst revealed that Ethereum has already hit the 0.5 fib retracement at $2,100, which is the minimum target for a Wave 2 correction. However, structurally, he claimed that this drop still looks like wave A only. Crypto Wave further explained that these ABC corrections are always three-part moves, and that is what he sees forming now for ETH.  The broader crypto market, led by Bitcoin, has bounced back following the ceasefire between Israel and Iran. Ethereum has also rebounded, having dropped to as low as $2,100 last week. However, Crypto Wave suggested that the current market sentiment doesn’t invalidate this bearish setup for ETH and that it could still witness a deeper sell-off.  The crypto analyst alluded to the fourth quarter of last year when Ethereum was underperforming heavily while many altcoins rallied. In line with this, he remarked that there could be a repeat of this scenario. However, on the other hand, Crypto Wave claimed that if ETH breaks above $2,880 impulsively, especially in one clean wave, then the correction could be over. He added that this would also put the altcoin in the early stages of a new bull cycle. 2021 Pattern Playing Out For ETH In an X post, crypto analyst Merlijn drew similarities between the current Ethereum price action and that of 2021. He stated that the 2021 playbook is repeating, with ETH having a dead count bounce, then a final retest before the parabolic leg. The analyst expects the altcoin to retest the $2,000 level before the massive move to the upside.  Related Reading: Market Expert Who Predicted Ethereum Price Crash At $2,800 Reveals What’s Coming Next His accompanying chart showed that Ethereum could rally to as high as $11,000 on this uptrend. Merlijn had remarked that ETH has more firepower this time around than in 2021, which is why the altcoin could witness such a parabolic move to the upside. Interestingly, based on the chart, this rally is expected to happen between now and year-end. At the time of writing, the Ethereum price is trading at around $2,480, up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

After suffering a major price crash back during the weekend, the Ethereum price has enjoyed an over 10% bounce that has put it back above major support levels. However, even with the recovery, the altcoin sits on shaky ground with geopolitical and macroeconomic factors still unstable. On the charts, there is also uncertainty as the second-largest cryptocurrency by market cap has failed to make any definitive moves from here, showing inconsistencies in movement. Ethereum Price Struggling At EMA Crypto analyst Swallow Academy noted that the Ethereum price has returned to trading at its Exponential Moving Average (EMA) earlier in the week after bouncing from its weekend lows. This has been referred to as the level of interest and sits around the $2,400 level, which has served as major support in the past. Related Reading: Analyst Says XRP Is Moving According To Plan, Here’s Why $1.90 Is Important The harsh drop from the weekend that pushed ETH from $2,500 to $2,150 has no doubt dented sentiment and sparked caution among investors. But the retest of the EMA at $2,400 suggests that buyers are still exerting their force and have been pushing up the price. Given these recent developments, the crypto analyst explains that it is currently a waiting game for the Ethereum price. From here, it could go either way, as confirmation is needed for which direction it is headed next. A breakout from here could move it back above the $2,800 resistance. However, a crash could be confirmation of rejection, sending Ethereum spiraling back toward lows at $2,000. Mapping Out Next Steps As the Ethereum price continues to show signs of continuation, crypto analysts have begun to map out where the altcoin might be headed next. Mister Spread pointed to the fact that Ethereum had actually shown a bullish Power of 3 (PO3), consisting of accumulation, deviation, and expansion. Related Reading: Ethereum Price Crash To $2,100 Triggers Fear, But Why Are Analysts Predicting A Rally To $6,000? The accumulation phase has been completed, and is now in the phase of deviation, explaining the price crash. Now, the price seems to already be breaking out of the deviation box, suggesting that the expansion phase will be coming sooner than expected. Once the expansion phase is in motion, the crypto analyst expects the Ethereum price to move back into the supply area of $2,800-$3,000. However, if the price fails to climb and falls back below $2,100, then this bullish thesis would be invalidated. Featured image from Dall.E, chart from TradingView.com

Ethereum’s price action in the past 24 hours has been characterized by a fall toward $2,100 before rebounding to the upside very quickly. Ethereum’s price dropped to $2,130 in the past 24 hours on crypto exchange Coinbase amidst a broader fall in the crypto industry, which also saw Bitcoin break below $100,000 very briefly.  Despite the sudden Ethereum price correction, analysts have presented arguments that hint at a strong Ethereum rally once this current downturn is complete. Notably, their projections are not short-term, and one of them puts Ethereum’s next major target around $6,000. Wave A Complete, But Downside Likely Before Rally The first detailed analysis came from @CryptoWaveV, a trader who uses Elliott Wave Theory to forecast market structure. According to his recent post, Ethereum’s price has now completed what he considers to be wave A of a larger corrective structure. His chart shows Ethereum breaking down from a high around $2,900 and falling almost directly into a Fibonacci-based support zone between $2,134 and $1,957. Related Reading: Ethereum Bullish Wave Towards ATH Coming? Here Are The Targets Now that the Wave A pattern is complete, the prediction is a short-term bounce to as high as $2,792 as part of a wave B retracement. However, this upward move would likely be temporary before another Wave C leg downward, which could drive the Ethereum price to as low as $1,706 before a meaningful bottom is confirmed.  This level is what the analyst refers to as his “ideal buy zone” for long-term accumulation. Although the short-term view includes price crashes, a full bullish impulse will resume once this corrective phase is complete. Wyckoff Structure Points $6,000 ETH Price Merlijn, a popular analyst on X, shared a contrasting yet converging perspective. In this case, the analyst’s outlook is based on Wyckoff’s accumulation framework. Merlijn stated, “Ethereum: Wyckoff says go.”  Related Reading: The 5 Bullish Cases That Says Ethereum Price Could Reach $10,000 In 2025 According to the daily price chart that followed his analysis, the analyst showed that the crypto had already completed the spring and test phases, which are both components of a Wyckoff accumulation pattern. What comes next, according to the Wyckoff method, is the markup phase.  The chart Merlijn posted aligns with this outlook. The chart projected that Ethereum will reclaim a horizontal range between $2,150 and $2,450, followed by a steady progression above $3,850, and then another strong move past $4,800, before ultimately culminating around $6,800 to $7,000. This bullish setup suggests that while the recent dip to $2,100 might have shaken confidence, it may have served a larger structural purpose. The spring and test patterns imply a final shakeout of weak hands, clearing the path for long-term buyers to step in. Finally, the outlooks from both analysts converge on a six-month to one-year trajectory that could see Ethereum breaking into the $6,000 range, if not higher. At the time of writing, Ethereum is trading at $2,420, up by 7.4% in the past 24 hours. Featured image from Getty Images, chart from Tradingview.com

Ethereum just pulled a surprise upward move after dipping below key support and its rising trendline. The sudden rebound caught bears off guard, fueling speculation about whether this was a mere fakeout or the start of a fresh rally. Fakeout Fools The Bears: Ethereum Reclaims Critical Support In a recent post on X, UniChartz drew attention to a classic fakeout move by ETH, where the price momentarily dipped below a significant support level and an ascending trendline, only to reclaim both shortly after. This sudden reversal disrupted bearish expectations, especially for those anticipating a deeper drop. Instead of confirming a breakdown, ETH snapped back above the key zone with notable strength, shaking up short-term sentiment. Related Reading: Ethereum Price Headed For Crash To $2,000 With Current Price Action According to UniChartz, this kind of false breakdown often traps bearish traders and can act as fuel for an upward move if momentum builds. The reclaim of the support zone is a strong technical signal, indicating that bulls are still in control for now. It not only invalidated the bearish thesis but also injected fresh optimism into the market, hinting at the possibility of a short-term rally. Still, UniChartz cautioned that follow-through is critical. If ETH can hold above this reclaimed area and form higher lows, it could set the stage for continued upside. However, any weakness or failure to maintain the level could lead to another shakeout.  From Breakdown To Breakout? Key Levels In Focus After reclaiming the previously lost support level, Ethereum is showing signs of strength, but whether it can sustain this momentum remains the key question. The bounce has surprised many, especially after what looked like a clean break below a rising trendline and horizontal support. The current price action suggests bulls are regaining control, but the road ahead is lined with several resistance hurdles that could stall or reverse the advance. Related Reading: Is Ethereum Staging A Repeat Of 2021? Here’s Why A 200% Surge Could Follow The first level to watch lies around the $2,858 level, where Ethereum previously struggled to maintain traction. This area marks a confluence of short-term resistance from prior price rejections. A decisive close above this could open the door for a push toward $3,360, a level that has historically acted as a pivot zone and may attract both profit-taking and fresh short positions. Beyond that, the $3,659 level stands as a key psychological and technical barrier. This region is where bears have previously reasserted control, and reclaiming it would be a statement of intent from the bulls. Only a sustained break above this zone, ideally on strong volume, would signal a shift back toward a more dominant uptrend, potentially eyeing $4,100 and beyond. For now, the reclaimed support offers a solid base, but Ethereum’s upward journey depends on the bulls defending it convincingly and clearing these major resistance zones with strength and consistency. Featured image from Getty Images, chart from Tradingview.com

Ethereum saw a notable decline in its price over the last week, and the weekend culmination pulled the price back towards levels not seen in over one month. The movement tracks with the established bearish trend of the month of June and continues to show mounting sell pressure on the cryptocurrency. However, with this decline has emerged a trend similar to what was seen back in 2021, right before the market picked up and saw the beginning of the altcoin season. Ethereum Price Crash Similar To 2021 Looking at the current Ethereum price action and that of what was seen back in Q2 2021, there have been some striking similarities. Most especially, how the Ethereum price has performed in the month of June so far has been the same as what happened back in June 2021. Related Reading: Bears Will Be Washed Out Of Bitcoin If This Happens In 2021, the Ethereum price began the month of June trading above $2,600. However, as the month went on, the altcoin suffered multiple declines and crashed below $2,000 before it was over. Eventually, the price would find its bottom somewhere around $1,600 before the decline was over. Fast forward four years to the year 2025, and the month of June is showing the same trend. June 2025 had begun with the Ethereum price trending above $2,600 before the bears took control. Since then, the altcoin has crashed by more than 20%, and looks primed for more. Using the historical performance, it would suggest that the Ethereum price decline is far from over. If there is a repeat of June 2021, then Ethereum could suffer another 20% crash before the month of June is over, to find its bottom somewhere between $1,600 and $1,700. The Trigger For Altcoin Season Given that Ethereum is the largest altcoin in the market, it is naturally the trigger for the altcoin season. Looking back on 2021, the altcoin season began when the Ethereum price began to rally. But the recovery did not begin until the month of July, and eventually lasted into the month of November. Related Reading: XRP On-Chain Activity Down 80% In 5 Months, Experts Argue Bullish/Bearish Implications So far, investors are already looking positively toward July 2025, as there have been rumors of a rate cut. This is expected to trigger a market rally for risk assets such as Bitcoin and Ethereum, coupled with the fact that a resolution to the Iran-Israel war could be in the works. If this trend holds, then it is possible that the Ethereum price would begin to rally in July. As seen in 2021, Ethereum would end up rising over 200% in the course of five months, to put in a new all-time high in the month of November. Featured image from Dall.E, chart from TradingView.com

While the Bitcoin price stays close to its all-time highs, the Ethereum price has done pretty much the opposite. This failure to perform has put intense bearish pressure on the altcoin market as a whole, and the resulting price action has triggered what is seemingly a bear market for altcoins. Even now, the Ethereum price has not shown any signs of a bullish recovery, with expectations remaining bleak at this level, and analysts predicting further crashes. Why The Ethereum Price Is Headed Below $2,000 Crypto analyst Maddox Metrics has given the short and long-term outlook for the Ethereum price, and it seems the current market decline is nowhere near its end. In the short term, Maddox expects the Ethereum price to continue to decline and, in fact, fall below some major support levels. Related Reading: XRP Addresses Holding 1M Coins Reach 12-Year High As Experts Predict Move Above $4 As the crypto analyst explains, investors are already expecting the ETH price to actually fall lower toward the $1,900 target. And as shown in the analyst’s chart, this would actually be the second wave of the 5-wave count as Ethereum moves into its long-term potential. While there has been a lot of buying, especially among institutional investors and ETF issuers, the Ethereum price continues to trend low. The analyst attributes this to the rising war tensions in the Middle East, as fears of World War 3 grow more intense. At this level, the analyst cautions investors to look toward a more patient strategy, saying that “Money is made in the sitting, weathering volatility, not flipping in and out of trades on every bit of news and price movement.” Thus, it is better to hold positions until the market finds its stable point. ETH Still Bullish In The Long-Term Despite the wave pattern pointing to a crash below $2,000 in the short term, the analyst says the long-term outlook for the Ethereum price remains bullish. The current decline, which is a Wave 2 retracement, the analyst explains, marked the end of a motif wave at the $2,700 resistance. Related Reading: Is Ethereum Price Set To Repeat History As 2017 Playbook Returns? Why This Time Could Be Bigger This suggests that once the current wave ends, there is the next wave, which is the bullish Wave 3. Once this is underway, the analyst’s chart shows a possibility of this wave carrying through to a new all-time high just under $5,000. The 4th wave is naturally bearish and will trigger a crash, while the 5th and final wave will send the Ethereum price to $7,000. The timeline for this to happen, as shown in the chart, will be through the year 2025 and into the early months of 2026. Featured image from Dall.E, chart from TradingView.com

Recent price action in the past 24 hours has seen Ethereum clawing back above $2,500 after a pullback that saw its price fall to a low of $2,440. This is a notable correction from Ethereum’s foray to $2,770 in the past seven-day timeframe, but according to crypto analyst KledjdiCuni, it aligns with one of the anticipated price scenarios. Now, the analyst’s outlook is of a reversal into a bullish wave. In his latest update, KlejdiCuni laid out several upside targets that traders may want to keep in focus if Ethereum confirms a breakout. Accumulation And Bullish Setup Toward $2,800 Breakout Crypto analyst KlejdiCuni, posting on the TradingView platform, believes Ethereum may now be on the verge of initiating a much larger bullish trend. According to his analysis, the $2,440 region held up as expected, confirming it as a strong accumulation zone.  Related Reading: Analyst Says Ethereum Is Ready To Surge With Higher Lows Against Bitcoin, But There’s A Caveat In the daily candlestick price chart he shared, KlejdiCuni illustrated what he identifies as a bullish pattern. This pattern is a formation of higher lows and relatively stable resistance near the upper boundary. This setup resembles an ascending channel structure, which suggests that buyers are gradually taking control of Ethereum’s price action. Ethereum’s rebound to $2,660 has formed a structure that could break above the current pattern, likely in the direction of $2,800. This aligns with the upper resistance boundary of the bullish pattern, and as such, it is the first immediate target to look towards for a breakout to higher price levels. Price Targets For Ethereum If Ethereum successfully breaks above the $2,800 resistance level, the bullish momentum could signal the start of the expected bullish trend, according to the analyst. In this case, the first major target in this sequence is $3,300. Ethereum’s reaction here would be one to watch, as it coincides with a resistance level in late January 2025 that eventually broke to the downside in early February 2025. If Ethereum manages to clear this zone, it would confirm a sustained buying interest.  Related Reading: Ethereum Price Could Rally To $10,000 If This Major Resistance Is Broke Should Ethereum maintain its upward pressure beyond $3,300, the next target is at $3,800. This level carries particular technical significance, as it coincides with an order block in early January that caused the initial rejection as it tried to push toward the $4,000 price level again. Breaking through $3,800 to the upside would be an indication that bullish sentiment has taken firm hold across higher timeframes again.  Finally, if the bullish wave extends uninterrupted, the analyst projects a longer-term target of $4,500. This level is only a short distance from Ethereum’s all-time high of around $4,878, and reaching it would represent a near-complete recovery from the prolonged bear market. Hitting $4,500 would also place Ethereum at new price highs for this cycle.  At the time of writing, Ethereum is trading at $2,521, having retraced by 0.7% in the past 24 hours. Featured image from Pixabay, chart from Tradingview.com

The Ethereum price action is showing remarkable similarities to its 2017 market cycle, with analysts pointing to a near-identical technical setup and market behaviour. Crypto analyst Merlijn the Trader, who shared a side-by-side weekly chart comparison of 2025 and 2017 on X (formerly Twitter), suggests that Ethereum is now following the same breakout pattern that once led to a historic rally. This time, however, the analyst believes that the move could be even more significant.  Ethereum Price Mirrors Historic Breakout Pattern In the current 2025 chart, Ethereum has reportedly claimed the 50-week Moving Average (MA) after months of downward pressure and range-bound movement. Following a decisive breakout from support levels near $2,250, the price of the cryptocurrency is now consolidating below the 50 MA, forming a tight sideways pattern.  Related Reading: The 5 Bullish Cases That Says Ethereum Price Could Reach $10,000 In 2025 According to Merlijn the Trader, this structure is visually and technically similar to price movements that occurred in late 2016 and early 2017, just before Ethereum began a powerful upward surge. The analyst’s 2017 Ethereum chart shows the altcoin breaking above the 50 MA, followed by a brief period of sideways action under resistance. Once momentum was built, the price launched into a parabolic rally that marked the beginning of its major bull cycle.  Notably, the 2025 chart situated on the right panel displays an almost identical playbook to the 2017 setup, with Ethereum moving out of a prolonged accumulation phase and into a zone of consolidation beneath key resistance levels. However, this time, market conditions are significantly different.  The analyst notes that the crypto space is far more developed, with increased institutional involvement, broader retail adoption, and growing infrastructure supporting Ethereum’s ecosystem. While the technical patterns align closely with the 2017 breakout, the scale and context suggest that the potential upside could even be greater.  The similarities between Ethereum’s 2017 and 2025 price action lie in the timing of the 50 MA reclaim and the tight range of consolidation that follows. If ETH can maintain this trajectory and break above the current resistance zone, it could mark the beginning of a fresh macro rally, which the analyst predicts will not just repeat history but possibly amplify it.  Ethereum Eyes $4,000 As 2017 Pattern Repeats Based on Merlijn The Trader’s comparable chart analysis, Ethereum may be on the verge of a major breakout, with technical patterns pointing to a potential price target above $4,000. In the 2017 setup, Ethereum skyrocketed past $28 from a low between $6 and $7.5 after reclaiming the 50 MA. Related Reading: Ethereum Staging A Repeat Of Bitcoin’s 2021 Cycle? Here’s The Target If history is any guide, Ethereum’s next move could propel it from its current price of $2,541 to $4,000, which aligns with the upper red horizontal line on the 2025 price chart or above the line to fresh all-time highs, with no ceiling in sight, according to the analyst. Featured image from Getty Images, chart from Tradingview.com

Ethereum is already seeing a slowdown for the month of June, suggesting that it is sticking to established historical trends for the month. With half of the month already gone, the altcoin is likely to finish out the month in the same trend, and the previous cycle data warns of further price crashes. But how far down will the Ethereum price go before it recovers? Ethereum Fighting The Bears In June According to data from the CryptoRank website, the month of June is the second-worst month for the Ethereum price historically. This comes down to its average and median returns, which sit at -6.56% and -5.65%, respectively, showing that returns for the month are likely to be red. It falls behind only the month of September, which has -10.7% average returns and -13.6% median returns. Related Reading: Shiba Inu Burn Explodes 3,194%: Can It Change The SHIB Price Trajectory? In the decade that the Ethereum cryptocurrency has existed, only a total of three years have the month of June ended in green. In contrast, six years have closed in the red, including back in 2024 when the Ethereum price tumbled 8.64% in June. So far, the month of June 2025 has seen very little gains, with CryptoRank data only showing a 0.20% increase at the time of writing. This suggests a continuation of the established bearish trend, especially with the bear still pushing down the price of Bitcoin, and the rest of the crypto market keeps going down with it. If the altcoin does stick to its historical performance, then it is possible that the price could break below $2,500 before the month is over. However, there is still the possibility of a recovery if the Bitcoin price does continue to rise. Bullish Sentiment Still Strong Despite the bearish trend of June, crypto analysts are still calling for higher prices for Ethereum. One analyst, Crypto Patel, predicts a possible short-term crash if the Ethereum price drops below $2,500. Patel believes $2,000 is next if this happens. However, long-term remains bullish as the crypto analyst believes Ethereum is headed for $10,000. Related Reading: Dormant Ethereum Wallet Awakens After 10 Years With Millions Worth Of ETH Another crypto analyst, Ash Crypto, pointed out that ETH is forming a possible golden cross, just one month after Bitcoin did. But unlike Bitcoin, which usually takes months to play out a golden cross trend, the crypto analyst says Ethereum will begin immediately, and the target from here is $3,500. Crypto analyst Lord of Alts also explained that Ethereum is actually playing out as expected, with three trends. The first is consolidation, then accumulation, before ending in a price expansion. Lord of Alts says ETH is entering this trend again and puts the price as high as $6,000 by 2026. Featured image from Dall.E, chart from TradingView.com

Ethereum’s price action this week has been very notable, with the leading altcoin breaking above $2,800 again for the first time in four months. Ethereum managed to break above the $2,800 mark for the first time since February, briefly touching $2,870 before pulling back slightly.  Related Reading: Ethereum Staging A Repeat Of Bitcoin’s 2021 Cycle? Here’s The Target Two separate analyses by crypto strategist Crypto Patel on the social media platform X suggests Ethereum is now on the right track. The first, based on an 8-hour chart, highlights a rally toward $4,000. The second, using a long-term two-week timeframe, outlines a bullish setup that could send Ethereum soaring to $10,000 and beyond. Ethereum’s Breakout From Sideways Consolidation Zone In a recent analysis shared on X, a crypto analyst known as Crypto Patel highlighted Ethereum’s attempt to break out of its established range. Using the 8-hour candlestick chart, he pointed out how the Ethereum had spent many weeks since early May trading between clear support at $2,366 and resistance around $2,734. The breakout seen on the chart occurred just above this resistance zone, when Ethereum briefly pushed past $2,800 before facing some rejection. If this breakout holds above $2,800, Ethereum could initiate a steep upward rally toward the $3,500 to $4,000 region in the coming weeks. Crypto Patel noted the importance of watching whether Ethereum sustains above the $2,750 breakout line, as a successful confirmation could trigger an influx of bullish momentum. Ethereum’s To $10,000 In The Long-Term In a follow-up post analyzing a much larger timeframe, Crypto Patel shared a two-week candlestick chart that mapped Ethereum’s longer-term structure since 2018. The chart revealed a well-defined bullish setup, including a bounce from a key bullish order block around $1,400 in April. This bounce acted as a support level, with the resulting candlestick being a bullish one that broke through another order block between $1,700 and $2,500. Related Reading: Ethereum Price Eyes 38% Jump To $3,500 As 50EMA Swims Into View Patel pointed out that Ethereum is now showing signs of a long-term bullish continuation pattern. With support levels already locked in for the next bear market, the analyst projected a target above $10,000, citing a 438% upside potential from current price levels. The chart also marks $2,500 as a structural pivot point, with Ethereum’s ongoing upward trajectory expected to strengthen if this support level continues to hold. Therefore, the path to $10,000 will depend on Ethereum’s ability to turn its recent resistance break into sustained momentum. The $2,800 region must now serve as a support base rather than a resistance ceiling. However, this has failed to really materialize in the past 24 hours, as Ethereum is currently down by a massive 9.6%.  The ensuing price action has seen the leading altcoin now back trading within this consolidation range. Failure to hold above $2,500 could cascade to more losses over the weekend until it closes on $2,366 again and probably initiate another bounce from here. Featured image from Getty Images, chart from Tradingview.com

Ethereum reclaimed a significant technical level in the latest 24-hour trading session, with its price crossing above the $2,800 mark and briefly touching $2,870. This interesting cross makes it the first time since February 2025 that Ethereum has traded above the $2,800 threshold. The move comes amid rising bullish momentum flowing out from Bitcoin, and according to recent analysis from a crypto expert, this could be just the beginning of a much larger rally for Ethereum. Technical Pattern Says Ethereum Could Be Close To $20,000 An interesting technical formation on Ethereum has now caught the attention of some traders: a classic inverse Head and Shoulders bottom. According to crypto expert Gert van Lagen, who shared his analysis on the social media platform X, this inverse head and shoulders is setting up on a long-term timeframe.  Related Reading: Ethereum Price Eyes 38% Jump To $3,500 As 50EMA Swims Into View Specifically, Ethereum’s two-week candlestick chart, shared by the analyst, reveals a fully formed structure with a left shoulder in mid-2021, a pronounced head that took shape during the bear market in late 2022 to early 2023, and a right shoulder forming throughout the 2024 correction into early 2025.  The left shoulder emerged in mid-2021, when Ethereum’s price peaked around $4,870, then retraced into the year-end. The head was formed at the lows around $1,350 in 2022 and 2023. The right shoulder is currently in formation after the Ethereum price rebounded from roughly $1,600 in 2025. Finally, this pattern is also highlighted by a symmetry around the neckline drawn near the $4,200 price region.  Keeping this in mind, the neckline of the pattern, which is anchored just below the $4,200 resistance level, is now the most important level to break above. A confirmed breakout above this zone could activate the full bullish target projected by the technical formation. ETH Price Close To $20,000 According to Gert van Lagen, the two-week head-and-shoulders pattern suggests Ethereum may be “closer to $20K than most anticipate.” His price target calculation follows a classic technical methodology. By measuring the vertical distance from the head’s lowest point to the neckline resistance and then projecting that same distance upward from the neckline, he arrives at a target of approximately $19,500, which is more than a 600% gain from today’s price levels.  Related Reading: Pundit Says Do Not Ignore Ethereum Amid New All-Time Highs In Major Metric In the same analysis, van Lagen also highlighted a descending broadening wedge pattern that has been forming since mid-2023. This secondary structure reinforces the notion that Ethereum may embark on a significantly larger breakout once $4,200 is cleared. However, this projection of $19,500 is based on the technical symmetry of the inverse head and shoulders pattern, rather than fundamental shifts in Ethereum. Additionally, there is no clear timeline for this target; however, based on the multi-year nature of the inverse head and shoulders pattern, the price target may also take up to four years to materialize. At the time of writing, Ethereum is trading at $2,772, having retraced slightly from $2,870. Featured image from Getty Images, chart from Tradingview.com

With the recent Ethereum price trend, a crypto analyst has pointed out that the altcoin could be looking to stage a similar rally to what was seen with Bitcoin back in 2021. Crypto analyst TradingShot pointed out the similarities in a recent analysis and showing where the price could go if it does play out the same way. Ethereum Looks Like Bitcoin Did In 2021 In the analysis posted on TradingView, crypto analyst TradingShot showed how this Ethereum cycle movement looked similar to Bitcoin’s 2021 cycle movement. The first of this was recovery from a major price crash that led to new cycle lows for the cryptocurrency, before staging a recovery that pushed it toward new highs. Related Reading: Is Altcoin Season Still Coming? Why Bitcoin Is To Blame Despite Making ATHs For Bitcoin, the crash happened when the COVID-19 lockdown was announced. Following this, the Bitcoin price had fallen more than 50% from above $9,000 to less than $4,000 in less than one month. However, after this, the Bitcoin price rebounded from the cycle lows, crossing the 1-week MA50, and then breaking the lower high trendline, and going on to reach new all-time highs. For Ethereum, the crypto analyst pointed to the price crash triggered by Donald Trump’s tariff wars as being similar to Bitcoin’s COVID crash. After Donald Trump announced tariffs on other countries, the Ethereum price also crashed by a large margin, going from above $2,400 to below $1,500 in less than a month. This has been dubbed the ‘Trade War Crash’, and the altcoin is still reeling from the decline. Currently, the Ethereum price is stuck at the point where it is still trying to break above the 1-week MA50, which is now the major level to beat to confirm this trend. Just like Bitcoin, it has also seen the formation of major resistance at the lower highs, and this sits right at the $4,200 level. This means the Ethereum price still has around a 50% rally to complete before it confirms a similar trend to Bitcoin. How High ETH Price Could Go If It Plays Out If Ethereum does reclaim the 1W 50MA and then breaks the lower highs at $4,200, confirming this trend, then the resulting rally could be exceptional. For example, after breaking the lower highs, the Bitcoin price went on to reach new all-time highs of $69,000 in 2021. This means that the price went from below $4,000 to $69,000 in the space of a year. Related Reading: Pundit Says Do Not Ignore Ethereum Amid New All-Time Highs In Major Metric A similar rally would mean that the Ethereum price would rise above $10,000. Taking the same timelines into position, it would put ETH at this price sometime in 2026, a year from when the Trade Wars crash had occurred. A closer parabolic rally and an imitation of Bitcoin’s 1,700% rally would mean a price tag above $15,000 for the second-largest cryptocurrency in the space. Featured image from Dall.E, chart from TradingView.com

In his latest macro-technical analysis, crypto strategist Kevin (@Kev_Capital_TA) has flagged a potentially pivotal moment for Ethereum (ETH), arguing that a confluence of rare monthly chart signals—some not seen in years—could be laying the groundwork for durable altcoin outperformance. Speaking in a video posted June 9, the analyst described the current Ethereum setup across multiple timeframes as “something we’ve never seen before,” drawing comparisons to historical signals that preceded major rallies in 2016, 2018, and 2020. Ethereum Primed For Macro Breakout Kevin emphasized that Ethereum now exhibits strong bullish momentum across its USD pair, dominance chart, and ETH/BTC ratio, pointing to a simultaneous alignment of several high-time frame indicators. “These are things that just don’t pop up every day,” he said. “Matter of fact, these are things that have almost never popped up in such confluence throughout history for Ethereum.” The core of Kevin’s thesis hinges on what he calls a “monthly demand candle”—a large, typically green candlestick that emerges after a protracted correction. Ethereum printed such a candle in May 2025 following nearly a year of sideways chop and five months of drawdown. Historically, these demand candles have marked the start of significant uptrends. Kevin cited analogous structures in 2016, 2018, and during the COVID-19 crash in 2020, all of which preceded multi-month rallies. “This may be the most textbook demand candle we’ve ever had,” he noted, adding that “the last time we saw something like this was before ETH ran for nearly a year with barely any major correction.” Related Reading: Pundit Says Do Not Ignore Ethereum Amid New All-Time Highs In Major Metric Supporting the candle analysis is a synchronized bullish turn in several technical indicators. The Market Cipher momentum wave has clipped into the oversold zone and printed a confirmed green dot buy signal. Simultaneously, the VWAP—volume-weighted average price—has crossed above the zero line, and money flow has started to trend upward. Kevin was explicit about the importance of this configuration: “Let me tell you something: this is a big deal.” The monthly RSI, currently sitting at 51, has not yet broken the crucial 70-level that historically marks the onset of parabolic price action. According to Kevin, “ETH has never even broken 70 this cycle. You haven’t seen what’s possible yet for Ethereum—or for altcoins in general. You’ve seen nothing yet.” He also highlighted the return of whale accumulation, measured through a proprietary “whale money flow” indicator. After exiting ETH positions for over a year—from March 2024 to May 2025—whale flows have shown a V-shaped bottom and are now turning up. “We are now starting to see accumulation durably here,” Kevin said. “You keep hearing that BlackRock’s buying ETH, and I don’t know if that’s reflected in this indicator, but we are definitely seeing whale activity occur on the monthly time frame.” The analyst went further, showing that Ethereum’s stock RSI on the monthly timeframe has not only bottomed out but is now rebounding sharply—a pattern that historically precedes long-duration uptrends. “This is aggressive movement,” he explained, noting that for confirmation, the RSI still needs to cross the 20-level, but emphasized that the current shape of the rebound is stronger than in previous cycles. Ethereum Shows Relative Strength Another key piece of the puzzle is Ethereum’s dominance chart, which tracks ETH’s market cap relative to the rest of the crypto space excluding Bitcoin. Kevin pointed to a potential double bottom on the monthly chart and a newly confirmed MACD momentum shift, the first in over two years. “That’s two years and one month of downtrend finally reversing,” he said. Related Reading: Ethereum Consolidates As Momentum Builds – Analyst Has $3K In Sight For June Finally, the ETH/BTC pair is showing a near-identical structure to Ethereum’s dominance chart. Kevin believes this confluence is key. “Look at that—wow, that’s funny—it looks the same. You find your major low right where you found it in 2020. The monthly indicators are all curling up.” Still, he remained measured in his optimism, noting that macroeconomic conditions—particularly monetary policy—remain essential for confirming the bullish case. “It’s going to take some monetary policy shifting. We still need inflation to come in line. But the market is living four to six months ahead. If the market starts to sniff out that easing is coming, we’ll see that reflected in asset prices before it happens.” Referencing cycle theory and historical post-halving performance, Kevin argued that ETH’s recent relative strength fits both narratives. “Typically, ETH and altcoins start to outperform Bitcoin in the post-halving year. We’re halfway through that window—and it looks like it’s finally starting.” Looking ahead, he sees Ethereum as the “major key” that unlocks broad altcoin outperformance. “ETH opens the door to soaking up market cap, which will then 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 have never been more historically on our side. I think we’re on the verge of something really big.” At press time, ETH traded at $2,739. Featured image created with DALL.E, chart from TradingView.com

Crypto analyst Crypto Bullet has raised the possibility of the Ethereum price surging by 38% soon. He alluded to the 50EMA as the only thing holding ETH from witnessing this price surge, but suggested that it could change soon with a breakout on the horizon.  Ethereum Price Eyes 38% Jump To $3,500 In an X post, Crypto Bullet predicted that the Ethereum price could record a 38% surge to $3,500. This came following as he highlighted the ongoing battle between ETH and the 50EMA, noting that this indicator was the only thing holding the altcoin back from a parabolic surge. The analyst added that on average, a breakout results in a 38% pump, which puts Ethereum exactly at $3,500.  Related Reading: Pundit Says Do Not Ignore Ethereum Amid New All-Time Highs In Major Metric As NewsBTC reported, Crypto Bullet also recently predicted that the Ethereum price could rally to $3,300 as a Morningstar Candle pattern formed. Back then, he noted that ETH was facing tough resistance at $2,500 but affirmed that the resistance would be broken in due time. He indicated that a breakout from that resistance will usher in the rally to $3,300.  The Ethereum price has now broken above the $2,500 resistance, which provides a bullish outlook for the largest altcoin by market cap. Based on Crypto Bullet’s prediction, a rally to $3,300 may already be underway, which could then lead ETH to the $3,500 target. In a more recent X post, the crypto analyst commented on the recent break above $2,500.  He stated that the Ethereum price is now trying to break the 200-day MA, which is between $3,000 and $3,300, for the fifth time. He indicated that a breakout above the range is likely to happen on this fifth attempt. His accompanying showed that ETH could rally to the $4,000 level if a successful breakout occurs.  ETH About To Begin A New Bull Run Crypto analyst Trader Tardigrade predicted that another bull run is about to start for the Ethereum price. He noted that ETH’s daily candle closed above the resistance level at $2,650 yesterday and also opened above this resistance level today. The analyst added that ETH is now moving above it, which signals the start of a new bull run. Related Reading: FTX Repayments About To Dump $5B On The Market, How Will Bitcoin And Ethereum React? His accompanying chart showed that the Ethereum price is breaking out of an ascending triangle, which could send the altcoin above the psychological $3,000 level. Crypto analyst Mikybull Crypto also declared that Ethereum’s breakout will be huge, with ETH still maintaining its current range between $2,400 and $2,600.  At the time of writing, the Ethereum price is trading at around $2,670, up over 7% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

Ethereum is back in sharp focus across the crypto market following a recent rally to $2,800 that has added fresh layers of bullish momentum to its long-term narrative. At the time of writing, Ethereum is trying to register a footing above $2,500, but this subdued price action masks what an analyst is calling one of the most critical technical and on-chain moments in Ethereum’s recent history. Ethereum Weekly Engagement Hits Record High According to Crypto Patel, a crypto analyst on the social media platform X, Ethereum’s weekly engagement has reached an all-time high, surpassing all previous peaks seen since 2022. The accompanying chart below shows a steep rise in the number of unique addresses interacting with Ethereum’s ecosystem.  Related Reading: Is Ethereum Back In Business? Morningstar Candlestick Pattern Tells A Story According to the most recent data, the number of weekly active addresses stands at 17.4 million, representing an increase of almost 17% in just seven days. Notably, May 2025 saw the most significant growth in engagement, with each of the past three weeks witnessing at least 15 million active addresses. Meanwhile, the Layer 2 multiplier, which reflects adoption across Ethereum’s scaling solutions, has climbed to 7.55x, marking an 18.63% jump over the same period. Crypto Patel described the development as impossible to ignore, adding that the momentum is building fast, and warned followers to stay ready as Ethereum prepares for what could be a dramatic next leg up. “It’s impossible to ignore $ETH right now,” he remarked. Despite a minor 4.31% decline in cross-chain activity in the past seven days, the overall engagement trend confirms that more users are entering the Ethereum ecosystem. Analyst Predicts $9,000 To $10,000 ETH Price Target Complementing this on-chain momentum is a broader technical perspective offered by another crypto analyst known as XForceGlobal on the social media platform X. In a detailed Elliott Wave analysis also shared on X, the analyst noted that Ethereum has successfully completed a complex corrective structure and is now poised to enter a powerful new impulsive phase. According to the chart, the bearish scenario has been invalidated by recent price behavior, and a new bullish cycle is now underway as Ethereum is currently playing out a bullish B wave. Related Reading: Ethereum Price At $8,000: Pundit Predicts Parabolic Run For ETH If this bullish B wave plays out as expected, XForceGlobal projects a major price surge with a target range between $9,000 and $10,000 for Ethereum. Specifically, the analyst identified a $9,410 price target for sometime in the next year.  However, the analyst outlines a hypothetical fallback to the $576 zone if the C corrective wave unfolds. Nonetheless, the current wave structure shows an increased likelihood of Ethereum surging higher rather than breaking down. The analyst concluded by stating, “We can now confidently scrap the bearish case. The impulse opened the door for potential new highs.” At the time of writing, Ethereum is trading at $2,493 with a recent intraday high of $2,537. Featured image from Getty Images, chart from Tradingview.com

Ethereum has so far underperformed in this market cycle but looks ready to mount a parabolic rally based on analysts’ predictions. Crypto analyst Crypto Bullet recently highlighted a bullish pattern on ETH’s chart, which provides a bullish outlook for the altcoin.  Ethereum Eyes $3,300 As Morningstar Candle Pattern Forms In an X post, Crypto Bullet predicted that Ethereum could rally to $3,300 as a Morningstar Candle pattern forms for the largest altcoin by market cap. This came as he highlighted the bullish monthly close for ETH and alluded to the monthly chart printing this bullish pattern. With this, the analyst expects a significant rally from Ethereum.  Related Reading: Ethereum Price At $8,000: Pundit Predicts Parabolic Run For ETH Crypto Bullet noted that Ethereum is now facing tough resistance, but he believes that the $2,500 resistance will be broken. The analyst added that his next target is $3,300. Meanwhile, crypto analyst Ash Crypto also provided a bullish analysis for ETH, in which he declared that the Wyckoff accumulation was still in play.  He remarked that the first major level to reclaim is $3,100, which will be followed by a small correction. Following that, Ash Crypto is confident that ETH will then surge to $4,000, which will initiate an explosive rally. The analyst affirmed that $10,000 is programmed for ETH in this cycle.  As NewsBTC reported, crypto analyst Crypto GEM recently predicted that Ethereum could rally to $8,000 by next year. Crypto analyst Titan of Crypto also highlighted $5,000, $7,000, and $8,500 as the targets for ETH’s market structure.  Meanwhile, just like Ash Crypto, crypto analyst Mikybull Crypto is also confident that the altcoin can reach as high as $10,000 in this market cycle. He highlighted a similarity between Ethereum’s current price action and that of the 2017 market cycle.  Ongoing V-Shape Recovery For ETH In an X post, crypto analyst Titan of Crypto highlighted an ongoing V-shape recovery for Ethereum. He noted that ETH has kicked off a sharp reversal, forming a classic V-shape structure on the weekly chart. His accompanying chart showed that ETH could rally to as high as $7,600 on this run-up.  Related Reading: Crypto Trader Dumps XRP Holdings For Ethereum, Explains Why Crypto analyst Mikybull Crypto stated that Ethereum is flirting with a breakout. The analyst further noted that the Relative Strength Index (RSI) is already breaking out. His accompanying chart showed that ETH could rally to as high as $3,600 on this breakout. He also declared that the fifth time of ETH’s move to the MA20 will be a thrust through. The altcoin is expected to break the $2,600 resistance on this move.  At the time of writing, the Ethereum price is trading at around $2,450, down almost 6% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

The Ethereum price action is raising red flags among analysts, with technical indicators pointing toward a potential crash to the $2,000 level. Despite experiencing a significant uptick recently following Bitcoin’s price surge, concerns continue to grow that a deeper correction may be unfolding.  Ethereum Price Crash To $2,000 Imminent Based on a new report by Master Ananda, a TradingView crypto analyst, the Ethereum market is flashing warning signs as its price struggles below the critical resistance zone. At press time, Ethereum is trading at approximately $2,605 after being rejected from a local high of around $2,788. Related Reading: Ethereum Price At $8,000: Pundit Predicts Parabolic Run For ETH Ethereum’s 4-hour chart presented by Master Ananda shows that the top altcoin has likely completed a short-term top, and now a corrective move is in play. The analysis hints at a looming price crash, with technical forecasts suggesting a retracement toward the $2,000 level or lower before the next bullish impulse.  The analyst’s bearish continuation thesis appears to be a high-probability setup, with Ethereum expected to revisit lower Fibonacci retracement levels. Notably, the chart reveals a subtle bearish divergence forming as the price pushed slightly higher in May but with diminishing momentum. This, in turn, created a rising resistance line while volume and price action failed to confirm new highs. Noticeably, Ethereum’s price has since broken below the 0.230 Fibonacci level, signaling the possible start of a broader correction phase. The next probable support areas lie at $2,280 (0.382 Fib), $2,085 (0.5 Fib), and most significantly, the $1,900 price point at the 0.618 Fib Retracement level.  The highlighted green zones in Master Ananda’s chart represent potential support and buying areas, which point to the $1,900 to $1,735 (0.618-0.786 Fib) range as the most likely zone for a higher low to form. The previous major low occurred on April 7, and the expectation is that this correction will end above that level. Until then, a short-term correction remains the most likely scenario, and traders are warned to take caution as the chart further highlights a possibly more resounding crash to $1,385.  ETH Trade Strategy: Buy The Dip And Go Long While sharing his bearish thesis for Ethereum, Master Ananda also provided a clear strategy for investors and traders. He advised long-term holders to wait patiently for the projected drop and assess the support reaction before looking for clear reversal signals.  Related Reading: Crypto Trader Dumps XRP Holdings For Ethereum, Explains Why Buying into support zones like $1,900 or even as low as $1,736 could provide optimal entry points for long-term positions. While bears may still attempt to short the market, Master Ananda assures that the downside remains limited.  The analyst emphasizes the importance of planning and avoiding impulsive trading by creating ideal entry and exit points while respecting the prevailing market trend. With Ethereum’s bullish outlook still intact, this projected price crash could become an opportunity for many traders instead of a threat. Featured image from Getty Images, chart from Tradingview.com

Ethereum is changing hands near $2,600 in midday European trading on 3 June, trimming minor overnight gains but still holding a six-week up-trend that began in late April. In a new video analysis, technical strategist Kevin (@Kev_Capital_TA) argues that the price plateau masks a structural shift now visible on every major Ethereum chart. “I’m seeing things that are so historical that I had to make a video about it—it just cannot be ignored,” he told viewers at the outset. Ethereum Flashes Bullish Setup Not Seen Since 2020 On the monthly ETH-USD chart, Kevin begins by zooming out to the monthly ETH-USD chart. The price, he reminds viewers, has “done nothing but trade in a massive range” ever since April 2021, masking the kind of compression that often precedes violent expansion. The tell-tale turn, in his view, came this April when Ethereum wicked into the $1,400 area only to reverse and close with a candle he labels a “massive demand candle.” That pattern, he notes, has appeared only twice before on a monthly ETH chart—each time after a major correction and each time followed by sustained upside. The May candle delivered confirmation: a 41% body that lifted price back above the long-term super-trend, an area many technicians had already written off as “guaranteed to break.” Related Reading: Ethereum Supply On Exchanges Hits 7-Year Low – Breakout Loading? What makes the structure “so historical,” Kevin argues, is the alignment of high-momentum indicators that rarely fire together. The monthly stochastic RSI is about to execute what he calls a “V-shaped cross” out of oversold territory; the last clean cross marked the 2020 macro bottom. The MACD histogram, meanwhile, has been compressing into what he likens to a symmetrical triangle that has taken four years to complete, signalling “coiled energy” that can only resolve in a large directional move. Even on-chain money-flow readings, he says, are “tied for the lowest level in history—but already reversing,” implying that deep-pocketed holders have begun to accumulate while retail sentiment remains subdued. Kevin then pivots to the dominance metrics that, in his framework, dictate whether a move in Ethereum can spill over into the broader altcoin market. On Ethereum-dominance he pulls up Heikin-Ashi candles to show the first green print in more than a year exactly at the zone that formed the 2019–20 base. “We’re at the same spot ETH dominance bottomed in 2019,” he says, pointing to a series of demand candles that mirror the pre-bull-run pattern of the last cycle. A Market Cipher buy signal has just appeared, the VWAP has crossed the zero line, and money flow is curling up from all-time-low depths. In Kevin’s view, the implication is clear: “Whales are starting to accumulate, and nobody is paying attention.” Related Reading: Ethereum Price At $8,000: Pundit Predicts Parabolic Run For ETH The ETH/BTC ratio completes the trifecta. Here Kevin shows the pair tagging the 0.5 Fibonacci retracement of the entire 2020-21 advance, printing its own demand candles and flipping green on the Heikin-Ashi readout. More striking to him is the monthly stochastic RSI, which has spent 1,066 days—almost three full years—below the 20 threshold that traditionally marks bear-market exhaustion. “It’s game time,” he declares. “This thing is getting ready to cross back up, and the negativity on ETH is happening right under everyone’s nose.” Underlying the technical case is a macro backdrop Kevin believes is becoming incrementally supportive. “You don’t actually need the Fed to cut,” he tells viewers. “We just need guidance—looser policy on the horizon, decent inflation prints—and Ethereum will do the rest.” Historically, he argues, a decisive rotation in ETH has been the trigger for what he calls “durable altcoin outperformance,” because it signals that risk capital is migrating down the market-cap spectrum. In that sense, a true Ethereum breakout is less a single-asset story than a signal for an entire sector. Sceptics will note that Ethereum still faces heavy resistance in the $2,800–3,000 zone and that previous rallies have stalled at that ceiling. Kevin concedes the level is critical but insists the weight of monthly signals makes a sustained breach increasingly likely. “These are monthly timeframes,” he cautions. “They don’t play out overnight, but the evidence says the multi-year bear market in ETH-BTC is ending.” At press time, ETH traded at $2,607. Featured image created with DALL.E, chart from TradingView.com

Crypto pundit Crypto GEM has provided an ultra-bullish outlook for the Ethereum price, predicting that it could reach a new all-time high (ATH) this market cycle. Based on his prediction, ETH could record a 3x gain as it makes this parabolic run.  Ethereum Price To Rally To $8,000 In an X post, Crypto GEM declared that the Ethereum price will go parabolic this cycle, predicting that it can reach as high as $8,000. His accompanying chart showed that ETH can reach this target by July 2026. Crypto analyst Mikybull Crypto has also stated that his targets for ETH in this cycle are between $8,000 and $10,000.  Related Reading: Ethereum Looks Ready To Break Out Of 4-Year Consolidation, Analyst Says Price Will ‘Go Insane’ In a recent analysis, Mikybull Crypto revealed that the current Ethereum price was showing a similar price action to the 2017 market cycle. Based on this similarity, he remarked that ETH might pull a higher price target to at least $8,000. Despite the altcoin’s underperformance in this cycle, the analyst has been one of those who have been confident that it will still record a parabolic rally in this bull run.  In the short term, Mikybull Crypto predicts that the Ethereum price can rally above $3,000. In an X post, he stated that ETH is still coiling up within the ascending triangle. He added that the target is $3,200 on this potential breakout. He again reaffirmed this prediction in another X analysis.   The analyst claimed that the same formation is playing out in a different scenario and remarked that market participants should prepare for a “melt-up.” His accompanying chart showed that the Ethereum price could even rally above $3,600 on this run-up. This would put ETH close to the psychological $4,000 price, which could pave the way for the run to a new all-time high (ATH).  ETH Eyes $3,800 As Bull Flag Forms In an X post, crypto analyst Titan of Crypto predicted that the Ethereum price could rally to $3,800 as a bull flag forms. He stated that ETH just broke out and that this bullish pattern is playing out. If confirmed, the analyst remarked that the next target sits around $3,800. This is just an intermediate target as Titan of Crypto expects Ethereum to rally higher in the long run.  Related Reading: Ethereum Founder Pushes ETH As Cash-Substitute, Can This Drive Price Above $4,000? Like Crypto GEM and Mikybull Crypto, the analyst also believes that the Ethereum price can reach $8,000 at some point. In an X post, Titan of Crypto highlighted Ethereum’s market structure and potential targets. The first target for ETH is just above $5,000, the second is just above $7,000, and the third target is $8,500.  At the time of writing, the Ethereum price is trading at around $2,500, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

Ethereum net flows have been mostly negative for the last week, and a continuation of this suggests bullish momentum is building up for the price. These figures show how much buying and selling could’ve been going on and how investors are viewing the digital asset right now. Ethereum Net Flows Bounce Around Net flows refer to the difference in the number of coins entering or leaving crypto exchanges over a given period of time. If net flows are positive, then it means more ETH are flowing into crypto exchanges, which could point to sell-offs are investors take advantage of the price increase. However, if net flows are negative, then it suggests that more coins are leaving exchanges than those going in. Thus, it could point to buying pressure being higher than sell-offs. Related Reading: Analyst Says This Dogecoin And Shiba Inu Contender Could See ‘Impulsive Move’ Currently, Coinglass data shows that Ethereum net flows have been skewing toward negative for a while now. 24-hour net flow volumes show a -$182.86 million figure as more coins moved out of crypto exchanges during this time. This has also persisted with six out of the last seven days showing that net flows are negative. This means that there have been more ETH leaving crypto exchanges than those going into exchanges for selling. Thus, showing that buying remains the order of the day. In this 7-day period, net flows for Ethereum are sitting at -$140 million. However, going further back, on the 15-day timeframe, investors are still skewing more toward selling. This time period shows a positive $186.48 million in net flows as well, which would explain why the Ethereum price seems suppressed despite Bitcoin making new all-time highs.. The 30-day period is no different, showing even larger deposit trends. In total, Ethereum investors have moved more ETH into crypto exchanges, causing net flows to fall to rise to $483.54 million during this time. What Could Happen To Price If Net Flows Remain Negative If the Ethereum net flows continue to remain negative and even grow from here, then it would signal a rise in buying pressure. Once the buyers are able to outbid sellers, then the Ethereum price could begin to rally again. Related Reading: Bitcoin Golden Cross In Play – Analyst Reveals Best Course Of Action As for how high the Ethereum price could go, crypto analyst Captain Faibik has explained that bulls are still struggling to reclaim the 200-Day Simple Moving Average at $27,000. Now, if they are able to capture this level and break out of it, the analyst sees the price rising above $3,500 in the near term.   Featured image from Dall.E, chart from TradingView.com

In a macro-focused interview with the Bankless podcast, Arthur Hayes, the former BitMEX CEO and current Maelstrom CIO, laid out his bullish thesis on Ethereum, arguing that a move to $10,000 or even $15,000 is a realistic outcome as global liquidity shifts and capital controls take hold in the next monetary regime. Asked why ETH had rallied over 50% in a week, Hayes dismissed technical triggers and pointed instead to sentiment. “The most hated asset goes up the fastest in the next cycle,” he said. “It’s just human nature.” For Hayes, the Ethereum comeback was long overdue after years of being overshadowed by Solana and other high-beta tokens. “ETH was kind of dead. Everyone hated it. The BTC/ETH ratio was falling, Solana was running… it was time.” Why Ethereum Could Soar To $10,000 Despite not having added to his position, Hayes said he remained long Ethereum and was unfazed by the current price. “It’s great it’s going up, but okay—let’s talk at $10,000 or $15,000. Let’s talk when it’s meaningful.” Related Reading: Ethereum Flashes Golden Cross Signal – Can Bulls Push ETH To $3,000? Hayes placed Ethereum’s rebound in the broader context of what he calls a global monetary “phase shift”—a transition away from the US Treasury as the world’s reserve asset, toward a bifurcated system where store-of-value flows increasingly shift toward gold and Bitcoin. In this paradigm, Ethereum benefits not just from speculative risk flows, but also from structural changes in how capital moves under increasing financial repression and capital controls. While he reiterated his belief that gold and Bitcoin are the two neutral reserve assets in a politically fractured world, Hayes sees Ethereum as a powerful high-beta trade in the coming wave of liquidity expansion. “They print the money,” he said bluntly. “And the consequence will be gold and Bitcoin going through the roof.” Still, Ethereum’s path won’t be linear. Hayes acknowledged ETH’s underperformance versus Bitcoin so far, but suggested that ETH’s moment is coming—particularly if regulatory clarity improves or if decentralized finance regains traction with sustainable cash flows. He singled out projects like EtherFi and Pendle as examples of token ecosystems that might finally justify valuation through fundamentals. Related Reading: Ethereum Headed For Crucial Encounter At $4,000 – Here’s Why The potential for Ethereum to outperform dramatically remains, Hayes argued, especially as the market continues to digest what he sees as the beginning of the end for the 50-year US Treasury-based global financial system. “If you want to preserve access to capital and spend it how you want, the only things you can own are gold and Bitcoin,” he said. But for the investor with appetite for asymmetry, ETH is “a hard slog” now—yet still in the early stages of what could be a runaway rally. Whether Ethereum reaches the $10,000 mark in 2025 or beyond, Hayes is positioning for that outcome. “Mailstream is about 60% Bitcoin, 20% ETH and then you know a lot of other shitcoins and term sheets of token deals and stuff. On my non-crypto stuff, it’s physical gold and gold miners and T bills. That’s it,” Hayes revealed. At press time, ETH traded at $2,477. Featured image from YouTube, chart from TradingView.com

The Ethereum price has ranged low now after making a new monthly high back on Tuesday. This increase had come as a much-needed relief for the crypto market, which had watched the ETH price struggled while Bitcoin thrived. However, the bullish breakout has not lasted long as bears have once again taken control and sellers are now dominating. Given this recent trend, it is possible that the Ethereum price has seen the end of price decline. Ethereum Lower Lows Present Troubling Trend Crypto analyst Gianni Pichichero has explained what could be going on with the Ethereum price and why the current trend could be worrying. This goes through the different processes and how the altcoin has been moving since the start of the week, starting from Monday’s bullish rise to the bearish reversal that took the market by surprise. Related Reading: Bitcoin Weekly SuperTrend Flashes Sell Signal From 2022 Despite BTC/USD Strength Gianni explained that the opening range for the week had established the current monthly high before breaking low. This showed an entry of large players into the market as the Ethereum price was pushed up rapidly to touch the $2,700 mark for the first time in over a month. This had set a bullish tone for the week, following into the next day as Tuesday also showed recovery strength, The next day, Tuesday, the Ethereum price did pump once again and placed a higher high than Monday, suggesting that a continuation was in play. The day also closed out in the green as ETH bulls remained dominant through the trading day. By Wednesday, there had been a turn in the market, whereas the previous days were dominated by bullish rallies, consolidation was the order of the day. This brought the Ethereum price back inside the opening range high of the week and then marked the first red close of the week. This first red close, Gianni explains, was a bearish signal. It initially didn’t signal that the Ethereum price would continue to crash. However, it did show that the bullishness that began on Monday might finally be over. Then, by Thursday, it was already a full-blown reversal as the market tested the previous day’s lows. Thursday’s red close was just as bearish as the market turned in expectation of bearish news. Related Reading: Is Bitcoin Price Turning Bullish Or Bearish? Crypto Analyst Reveals Critical Levels To Watch The formation of lower lows on both days has been worrying, and the analyst outlined in the chart that there could be a possible breakdown of the price. In this case, the Ethereum price could again crash back below $2,400, wiping out a notable amount of gains accumulated over the last few weeks. As this unfolds, Gianni suggests that there would not be any crazy moves, but that focus should be on looking for opportunities to sell high in the current market. “ I will be looking for any sell high opportunity after the news, reinforced with bearish price action, as triple tops, double tops and any kind of reversal patterns into the most recent high in place,” he said. Featured image from Dall.E, chart from TradingView.com

According to a fresh analysis by a crypto analyst,  the Ethereum price has broken out of a months-long downtrend, reigniting bullish sentiment across the market. With volume rising and key resistance levels expected to turn into support, Ethereum is set to complete its bullish structure, aiming for a potential break toward $3,000.  Ethereum Price Targets $3,000 Breakout The Ethereum price action on the 4-hour chart has reportedly flipped bullish, following a sharp breakout above a long-standing descending trendline that capped its movements since late 2024. As a result, a pseudonymous TradingView crypto analyst identified as ‘Orihadad66’ has predicted that Ethereum could soon see a surge to $3,000.  Related Reading: Ethereum Surge Above $2,200 Says Bear Market Is Over, Analyst Calls $5,791 ‘Easy’ Target The analyst explains that Ethereum’s recent shift from bearish to bullish wasn’t a subtle move, as a high-volume candle had pierced through both the trendline and the $2,100 – $2,150 resistance zone, confirming a clearer shift in market structure. This breakout is significant, as it marks the first time Ethereum has invalidated the broader bearish pattern that dominated the early part of 2025.  The $2,100 – $2,150 area now acts as a potential support zone for its price, and a successful retest would solidify it as a launchpad for further upside. Orihadad66 has confirmed that the immediate bullish target for Ethereum lies between the $2,500 – $2,550 price range. Historically, this region has been a key liquidity zone where previous price rejections frequently occurred. This makes the zone a potential profit-taking area as ETH consolidates post-breakout.  Technical projections suggest that Ethereum may briefly pull back toward the $2,350 – $2,400 range to form a potential higher low. If this pullback holds, bulls could drive the next leg up toward $2,800 – $3,000 — a confluence zone that includes both a supply barrier and psychological resistance. Furthermore, the TradingView analyst has predicted that a clean break above $3,000 could open the door to the $3,300 – $3,600 supply block, potentially triggering a larger bullish trend reversal. With Ethereum currently trading at $2,544, a surge to $3,000 or even $3,600 would represent a 17.9% and 41.5% increase, respectively.  Bullish Thesis At Risk Below $2,100 While the analysis published by Orihadad66 has highlighted Ethereum’s almost completed bullish structure and potential breakout target, the setup also comes with a clear invalidation level. The TradingView analyst has warned that a 4-hour candle close below the $2,100 support zone or a breakdown beneath the reclaimed descending trendline would signal weakness, potentially nullifying the bullish thesis.  Related Reading: Ethereum Macro Trend Oscillator Shows Green Might Be On The Horizon Such a move would suggest that the recent breakout was a false one, possibly a liquidity grab that could open the door to increased selling pressure. The analyst has suggested that traders should monitor price action around the $2,100 level. Until this invalidation point is reached, the analyst’s projected breakout, retest, and continuation scenario remains the dominant roadmap. Featured image from Pixabay, chart from Tradingview.com

Ethereum’s price action may have struggled to gain traction in recent weeks, but an interesting long-term macro indicator is showing signs of early recovery beneath the surface. Particularly, a macro trend oscillator created by a crypto analyst known as Decode on social media platform X has begun to exhibit signs of a turnaround after an unusually prolonged stretch of bearish run. If confirmed, this would mark the beginning of a new phase of strength for the second-largest cryptocurrency by market cap. Shallow Red Bars Begin Turning On Ethereum’s Multi-Timeframe Trend Analysis The oscillator’s monthly chart, overlaid with Ethereum’s price data on the monthly candlestick timeframe, clearly shows how deep and sustained the recent bearish momentum has been. The red histogram bars reflecting macro weakness persisted well beyond typical durations, highlighting the broader economic drag that has weighed on the crypto market.  Related Reading: Ethereum CrossX Indicators Flashes Buy As Insitution Accumulates, Analyst Says Brace For $4,000 Interestingly, January of this year briefly hinted at a return to bullish territory, but the green print turned out to be a false start and quickly faded as the cryptocurrency kicked off another downturn. However, the magnitude of recent red bars is notably shallower compared to downturns in 2023 and 2024.  This subtle shift is more apparent on the lower timeframes, particularly the 3-day chart, which shows a clean rejection from the negative territory and the formation of a small green bar before the current pullback. The analyst, Decode, interprets this as a possible early-stage turnaround. Once the oscillator turns green in a sustained fashion, a rapid upward move in Ethereum and broader crypto prices is likely to follow, following similar transitions in the past. Green Phase Will Dominate Soon Looking beyond crypto, Decode’s oscillator also tracks the S&P 500 and broader macro trends, where the same pattern holds: green phases are not only more prolonged but also steeper and more robust. This asymmetric distribution of momentum across time reflects the true bias of assets toward expansion over contraction. Decode noted that this is not merely an indicator with arbitrary thresholds but a fully integrated macroeconomic index built from 17 metrics. These include equities, bonds, commodities, currency flows, central bank liquidity (M2), and even sentiment data. Related Reading: Ethereum Price Eyes $2,700 As Wyckoff Accumulation Nears Completion Translating this into Ethereum, this gradual shift toward the green zone is seen as a signal of incoming price strength. Although Ethereum has yet to fully recover from its recent correction to $1,400, the subtle but consistent improvement in Decode’s macro trend oscillator hints that the cryptocurrency may be entering into a fresh uptrend. Right now, the focus is on green bars printing consistently again, especially across multiple timeframes. At the time of writing, Ethereum is trading at $1,830. The last 24 hours have been marked by a brief break below $1,800 before bouncing at $1,785. This move caused liquidations of approximately $35.92 million in ETH positions, with long positions accounting for $28.38 million of that amount. Featured image from Getty Images, chart from Tradingview.com

The Ethereum price could face another significant crash, as the machine learning algorithm, CoinCodex, predicts a sharp decline toward $1,500. After enduring four consecutive months of sideways trading and bearish closes, technical indicators and sentiment data are flashing warning signs of an impending correction in the coming weeks.   Ethereum Price Crash To $1,526 Incoming According to CoinCodex’s latest Ethereum price prediction, ETH is expected to decline by 16.47% over the coming weeks, potentially reaching $1,526.06 by June 2, 2025. This bearish projection comes amidst a turbulent market cycle in which investor sentiment and confidence have wavered due to rising macroeconomic pressures and unexpected declines in Bitcoin.  Related Reading: Ethereum Price Reaches Last H1 Support, Next Major Resistance Comes Into View Notably, Ethereum’s technical outlook continues to deteriorate as it just wrapped up its fourth consecutive monthly red candle. Cryptorank’s data shows that Ethereum experienced a dip of 1.27% in January, followed by sharper losses of 32.2% in February and 18.4% in March. The downtrend continued into April, with the cryptocurrency closing the month in red with another 1.58% decline.  Despite brief intra-month rallies that saw its value rise sharply, Ethereum has consistently failed to sustain gains, closing each month with rising selling pressure and leading the wider market drawdown. CoinCodex’s data further paints a grim picture, highlighting that the top altcoin has recorded 16 green days out of the last 30, signaling unstable market strength. Its price volatility, measured at 6.43%, also reflects a choppy market that lacks clear bullish conviction.  Moving forward, CoinCodex not only predicts that Ethereum could break down to $1,526 but also expects a steeper price crash to $1,447.96 by August 1, 2025. This would represent a decline of approximately 20.75% from current market prices. The machine learning algorithm has declared that broader market sentiment for ETH is currently bearish, implying that traders and investors still anticipate further corrections and limited upward momentum in the near term. Overall, this indicates a cautious outlook for Ethereum’s price prospects. CoinCodex Says Now Is A Bad Time To Buy ETH Given its bearish forecast for the Ethereum price, CoinCodex suggests that now may not be the best time to buy Ethereum. Interestingly, while investor sentiment remains cautious, the Fear and Greed index is at 65, reflecting a state of “Greed” and suggesting that market optimism may be outpacing the underlying bearish fundamentals.  Related Reading: Ethereum By End Of 2025: Why A Surge Over $4,000 Is Imminent Building on this, crypto whales are still buying ETH in droves, capitalizing on low prices despite the possibility of a continued downtrend. Recent reports reveal that a single whale purchased 30,000 ETH tokens worth approximately $54 million. With price momentum fading and macro uncertainty still high, ETH bulls may need to wait for market stabilization and clearer reversal signals before re-entering the market. According to CoinMarketCap’s data, the Ethereum price is currently trading at $1,827, marking a yearly decline of over 38%. Featured image from Unsplash, chart from Tradingview.com