Ethereum whales are back – and graphics shout Bull Run

Ethereum changes hands nearly $ 2,600 in midday negotiations on June 3, reducing minor night gains but still having an upward trend of six weeks that started at the end of April.

In a new video analysis, the Kevin technical strategist (@kev_capital_ta) maintains that the price set masks a structural change now visible on each major Ethereum graph. “I see things so historic that I had to make a video on this subject-it simply cannot be ignored,” he said at the start of viewers.

Ethereum flashes a bullish configuration not seen since 2020

On the monthly eth-USD table, Kevin begins by zooming towards the Monthly Eth-USD table. The prize, he recalls, viewers, “did what to do business in a massive range” since April 2021, masking the type of compression which often precedes violent expansion. The revealing turn, in his opinion, arrived in April when Ethereum is mean in the $ 1,400 area to reverse and close with a candle, it describes a “massive request candle”.

This scheme, he notes, only appeared twice before on a monthly ETH graph-each time after a major correction and each time followed by a sustained increase. The May candle gave a confirmation: a 41% body which rose the price above long-term super games, an area that many technicians had already radiated as “guaranteed to break”.

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What makes the structure “so historic”, maintains Kevin, is the alignment of the Haut-de-Survie indicators that rarely shoot. The monthly stochastic RSI is about to execute what he calls a “V -shaped cross” of the territory of occurrence; The last clean cross marked the Macro 2020 background.

The MacD histogram, on the other hand, compressed in what it compared to a symmetrical triangle which took four years to complete, signaling “the wrapped energy” which can only resolve in a large directional movement. Even the readings of chain money flows, he says, are “tied at the lowest level of history – but already reversing”, which implies that the holders of the deep pocket have started to accumulate while the feeling of retail remains moderate.

Kevin then pivots the dominance measures which, in its context, dictate if a decision in Ethereum can spread on the wider Altcoin market. On Ethereum-Dominance, he draws Heikin-Aashi candles to show the first green print in more than a year exactly in the area that formed the database 2019-2020. “We are in the same place that the domination of the ETH is fully in 2019,” he said, pointing a series of demand candles that reflect the pre-bull model of the last cycle.

A turnover purchase signal has just appeared, the VWAP has crossed the zero line and the monetary flow curls up the depths of all time. In Kevin’s opinion, the involvement is clear: “Whales are starting to accumulate, and no one pays attention.”

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The ETH / BTC ratio completes the Trifecta. Here, Kevin shows the pair marking the retracement of 0.5 fibonacci all the way in 2020-21, printing his own request candles and turning green on Heikin-Aashi reading. The most striking for him is the monthly stochastic RSI, which spent 1,066 days – almost three complete years – because the 20 thresholds that traditionally mark the exhaustion of the bear market. “It’s time for the game,” he said. “This thing is about to come together, and negativity on the ETH occurs just under everyone’s nose.”

The underlying technical case is a macro backdrop, Kevin is more and more favorable. “You don’t really need the Fed to cut,” he said to viewers. “We just need advice – a policy of prowers on the horizon, decent inflation impressions – and Ethereum will do the rest.”

Historically, he argues, a decisive rotation in the ETH has been the trigger for what he calls “sustainable altcoin outperformance” because it indicates that the capital of risks migrates in the spectrum of market compensation. In this sense, a real Ethereum escape is less a story to a single asset than a signal for an entire sector.

The skeptics will note that Ethereum still faces strong resistance in the area of ​​$ 2,800 to 3,000 and that the previous rallies blocked this ceiling. Kevin concedes that the level is critical but insists that the weight of monthly signals makes an increasingly likely sustained violation. “These are monthly deadlines,” he warns. “They do not take place overnight, but the evidence indicates that the multi-year Eth-BTC bears market ends.”

At the time of the press, ETH exchanged $ 2,607.

Star image created with dall.e, tradingView.com graphic