Ethereum’s Potential Breakout: Insights from a Crypto Strategist

In a recent analysis, crypto expert Kevin highlights some key moments for Ethereum (ETH), suggesting that a rare chart signal could set the stage for a robust altcoin performance. In a video he shared on June 9th, he described the current situation with Ethereum as “something you’ve never seen before,” drawing parallels with significant signals from 2016, 2018, and 2020 that preceded major price increases.

Ethereum’s Setup for a Macro Breakout

Kevin pointed out that Ethereum is showcasing strong bullish indicators in various charts, including its USD pairs and ETH/BTC ratios. He noted the rare alignment of several advanced indicators, stating, “These are things that don’t just happen every day.” He emphasized that such confluences have never occurred in Ethereum’s history.

The crux of his analysis lies in what he refers to as “monthly demand candles.” These are large, bullish candlesticks that tend to form after prolonged corrections. For instance, Ethereum produced such candles in May 2025 after nearly a year of sideways movement. Historically, these candles have marked the start of significant price uptrends. He referenced similar patterns during the previous key years.

Kevin remarked, “This may be the most textbook demand candle we’ve ever had.” He added that the last time he observed a similar pattern, ETH experienced a substantial run lasting almost a year.

He also discussed how bullish signals are appearing in various technical indicators, noting a wave of momentum in the crypto market that recently shifted into a buying zone. Additionally, the volume weighted average price (VWAP) has crossed above the zero line, indicating a money influx. “This is significant,” he said, emphasizing its importance.

Currently, Ethereum’s monthly RSI is at 51 and hasn’t reached the critical threshold of 70, which historically signifies the start of parabolic price movements. Kevin asserted, “ETH has never broken this cycle. We haven’t witnessed anything decisive regarding Ethereum or altcoins yet.”

Moreover, he pointed out a return of “whale accumulation,” suggesting that significant buyers are re-entering the market. After a year-long pause, the whale flow has shown signs of recovery. “We’ve begun to see durable accumulation,” he said, mentioning the impact of major players in the market, though it’s unclear whether this activity is reflected in the current metrics.

Ethereum’s Relative Strength

Another crucial aspect of his analysis is the Ethereum dominance chart, which shows ETH’s market cap relative to other cryptocurrencies, excluding Bitcoin. Kevin noted a potential double bottom forming on the monthly chart, along with a MACD momentum shift—a sign that might indicate a possible trend reversal after two years of downturn.

In a similar vein, the ETH/BTC pairing mirrors the structures observed in the dominance chart, which Kevin finds noteworthy. “It’s interesting how similar they look,” he said, indicating that significant market movements are imminent based on monthly indicators.

Despite the optimistic outlook, Kevin cautioned that macroeconomic factors, particularly monetary policy, will play a vital role in confirming any bullish trends. “A shift in monetary policy is crucial,” he noted, pointing out how market expectations usually precede actual changes in asset prices.

Referencing cycle theory and historical trends post-halving, he argued that Ethereum’s recent strength aligns with these patterns. “Typically, ETH and altcoins outperform Bitcoin after halving events. We’re in that phase now, and it seems to be gaining traction.”

Looking ahead, Kevin believes Ethereum is key to unlocking broad altcoin performance. “ETH sets the stage for capturing market capitalization, eventually benefiting midcaps and small caps. The journey begins with ETH,” he stated.

In closing, he underscored the importance of patience as this situation develops.

As of now, ETH is trading at $2,739.