Ethereum (ETH) Shows Several Technical Developments That Could Signal a Major Price Movement Ahead

Ethereum has been showing several technical developments that analysts believe could signal a major price movement ahead. The cryptocurrency recently printed what

Technical analysts are spotting interesting developments in Ethereum (ETH) that could be setting the stage for a substantial price move.

One analyst has identified a "monthly demand candle" forming in May 2025. This candlestick pattern has historically appeared before significant uptrends.

Similar patterns appeared in 2016, 2018, and during the COVID-19 crash in 2020, all preceding multi-month rallies.

Crypto strategist Kevin from Kev_Capital_TA says the current setup is showing "something we’ve never seen before" in terms of confluence across multiple timeframes.

The analyst highlights simultaneous bullish momentum in the ETH/USD pair, ETH’s dominance chart, and the ETH/BTC ratio.

Credit: Kev_Capital_TA

Several technical indicators are supporting this bullish outlook. The Market Cipher momentum wave has entered oversold territory and prints a confirmed green dot buy signal. The volume-weighted average price (VWAP) has crossed above the zero line.

Money flow indicators have also started trending upward.

These technical signals are all coming together in a way that isn't seen frequently in Ethereum's history.

After over a year of whale exits from March 2024 to May 2025, large holder accumulation appears to be returning.

Whale money flow indicators show a V-shaped bottom formation with flows now turning upward.

This shift in whale behavior coincides with increasing institutional interest.

Blockware's Ben Horowitz recently highlighted BlackRock’s involvement in Ethereum markets, which could be contributing to this renewed large holder activity.

"🚨 BREAKING: BlackRock just bought $80.6 MILLION worth of $ETH on June 10.

The world’s largest asset manager is loading up on Ethereum.

If that doesn’t scream conviction — what does? 👀"

The monthly RSI currently sits at 51, leaving significant room before reaching the 70-level. Historically, Ethereum has never closed above 70 on the RSI in the current cycle.

This suggests potential for further upside in the coming months as the RSI has scope to continue advancing.

Ethereum's stochastic RSI on monthly timeframes has bottomed out and is rebounding sharply. This pattern has historically preceded long-duration uptrends, though confirmation requires a cross above the 20-level.

From a price perspective, Ethereum recently found support near $2,500 before starting a fresh increase.

The cryptocurrency cleared resistance levels at $2,600 and $2,650, pushing above $2,750.

ETH spiked above $2,800 with a high formed at $2,832. The price is now consolidating gains above the 23.6% Fibonacci retracement level from the $2,483 swing low to the $2,832 high.

Current trading shows Ethereum above $2,750 and the 100-hourly Simple Moving Average. A key bullish trend line offers support at $2,750 on hourly charts.

The next resistance levels to watch on the upside are $2,820 and $2,850. A clear move above $2,880 resistance could send the price toward $2,920 resistance.

Further upside breaks above $2,920 might lead to moves toward the $3,000 resistance zone or even $3,120 in the near term.

Key support levels on any downside moves include $2,750 initially, then $2,650 and the 50% Fibonacci retracement level. Major support sits at $2,500.

Ethereum's dominance relative to other cryptocurrencies shows a potential double bottom on monthly charts.

The MACD momentum indicator has also shifted for the first time in over two years, ending a downtrend that lasted two years and one month.

This signals a change in trend and momentum for Ethereum's dominance, which could have broader implications for the cryptocurrency market.

The ETH/BTC pair is displaying similar structural patterns to the dominance chart. Both are showing monthly indicators curling upward from major lows that were found in 2020.