Ethereum's Resurgence: Breaking Barriers and New Heights
Ethereum Targets $3,000: Interest Rates Rise and Rare Chart Indicator Emerges
Ethereum, the cryptocurrency sensation, has bounced back with a vengeance, soaring past the $2,650 mark once more. At the moment, the price is steadily holding above the 2,700$ threshold, depicting a positive signal for investors.
According to data from Kraken, on the hourly chart of ETH/USD, a robust bullish trendline is taking shape with substantial support around 2,750$. A decisive breakthrough of the resistance at 2,850$ could potentially ignite a fresh short-term surge.
Ethereum's Dominance and the Race for New Highs
After finding some solid footing around 2,500$, Ethereum began a new growth phase, surpassing Bitcoin's pace. Bullish forces successfully overcame the challenges at 2,600 and 2,650$, propelling the price above the 2,750$ milestone, hitting a peak above 2,800$ and a local high of 2,832$. Currently, the price is consolidating gains, maintaining a position above the 23.6% Fibonacci retracement level (from 2,483$ to 2,832$).
Big Wins and New Horizons Ahead?
The first obstacle for bulls could be around 2,820$. After that, the next significant challenges emerge at 2,850$ and 2,880$. If Ethereum can convincingly breach the latter threshold, the price could target 3,000$.
A break above the resistance at 2,920$ could pave the way for further gains in the immediate sessions. In a bullish scenario, the ETH price could penetrate the psychological zone of 3,000$, with the potential to hit 3,120$ in the short term.
Levels to Observe
If Ethereum fails to forcefully break the 2,850$ barrier, a new downward correction might ensue. Key support levels to monitor are in the 2,750$ region, where an essential trendline also exists.
The next crucial support is found in the 2,650$ zone, which coincides with the 50% Fibonacci retracement level (from 2,483$ to 2,832$). A clear breach below this level could push ETH towards 2,600$, and in the event of intensified bearish pressure, even towards 2,550$ or as low as 2,500$.
A Rare Moment for Ethereum: A New Era of Outperformance
Crypto strategist Kevin (@Kev_Capital_TA) suggests that current circumstances could mark a crucial moment for Ethereum (ETH). Based on unusual signals on the monthly chart (some seldom seen in years), Ethereum could witness exceptional outperformance compared to other assets in the market.
In the video published on June 9th, Kevin describes the situation as "something we've never seen before", referencing technical configurations that have previously preceded significant rallies, such as those in 2016, 2018, and 2020.
Kevin emphasizes the importance of a monthly demand candle. This rare candle type emerges after extended periods of correction or sideways movement. In May 2025, Ethereum printed just this type of configuration after almost a year of uncertain movement. Previous instances of such signals have typically heralded extended bullish trends.
Kevin believes that May's may be the most textbook candle ever seen on Ethereum.
"The last time something like this happened, ETH rose for nearly a year without significant corrections," he stated.
Technically Speaking: All Signs Point to a Bull Run
Several technical indicators support this optimistic reading:
- Market Cipher: issued a buy signal, flashing a "green dot" in the oversold zone.
- VWAP: crossed over the zero line, indicating that the average volume is again positive.
- Money flow: indicates renewed investor interest, turning bullish.
- Monthly RSI: sits at 51, but has not yet reached the key level of 70, which usually signals the beginning of a parabolic phase. "You haven't seen anything yet of what Ethereum can do in this cycle," Kevin remarked.
Whales Stepping Back In
Another significant data point is the accumulation by whales. After distributing ETH for over a year (from March 2024 to May 2025), the flow has turned around and is now positive again. "I don't know if BlackRock is involved, but the whales are back. And they're doing it on a monthly timeframe," said the analyst.
Importantmilestones: Dominance and ETH/BTC Ratio
Kevin then highlights a double bottom on the ETH dominance chart and the initial positive signal from the monthly MACD after nearly two years. The same applies to the ETH/BTC ratio, which shows almost identical structure.
"It's curious: everything seems synchronized, just like in 2020."
Keeping an Eye on the Macroeconomic Landscape
Despite the technical signals, Kevin remains mindful: everything depends on global monetary policies.
"We'll need a loosening of monetary policy. But the market anticipates, often by 4-6 months. If it starts to sense a change of course, we'll see it reflected in prices before it even happens."
Ethereum: The Key that Opens the Doors to the Altcoin Season
According to the analyst, Ethereum is the key that can "open the doors" to the altcoin season.
"Everything starts with ETH: when it begins to absorb capital, it then flows onto mid-cap and small-cap coins."
Kevin concludes with a word of confidence:
"The monthly indicators have never been this bullish. I believe we're on the brink of something truly great."
- The recent resurgence of Ethereum in the finance world, driven by technological advancements, has sparked interest among investors, with the potential for further investing in this cryptocurrency.
- As Ethereum continues to outperform other assets and set new highs, the increasing dominance of this technology-driven currency in the market opens opportunities for potential investments in related altcoins, leading to an altcoin season.
