Ethereum Shows Strength as Analysts Anticipate Major Price Movement
Ethereum has experienced a modest rise in value over the past day, lifting by almost 2% at the time of writing. While the increase may seem small, it has triggered growing confidence among market observers who believe this could be the start of something more significant.
Crypto market analysts are suggesting Ethereum may be entering a period of momentum, setting the stage for a possible breakout. With continued interest from institutional investors and a strengthening technical setup, Ethereum appears to be on the radar for major price action.
Image 1: Ethereum (Source: Unsplash)
Growing Confidence and Market Patterns
Dutch crypto trader and analyst Michael Van de Poppe has pointed to a shift in market behaviour, indicating that Ethereum is drawing strong interest from buyers whenever it dips below $2,400. This suggests a new support level is forming at that range, where demand seems to consistently outpace selling.
At the upper end, the asset is facing difficulty pushing through the $2,700 to $2,750 bracket. This price zone is considered a key barrier by many traders. If Ethereum is able to clear this zone, Van de Poppe believes a significant upswing is likely, similar to the one seen in Bitcoin earlier in the year when it reached above $106,000.
This kind of pause in price movement is not unusual. After a sharp upward run—such as the 50% increase Ethereum recently experienced—the market tends to cool off. This pause, known as consolidation, is often followed by a decisive price movement, particularly when it stretches over a longer period. According to Van de Poppe, the more extended the consolidation phase, the stronger the breakout can be when it finally comes.
Adding to this optimistic picture is a surge in large-scale investment. Institutional entities have accumulated over $400 million in Ethereum recently. This level of acquisition often reflects a longer-term strategic move and tends to reinforce the asset’s price stability. It also signals that professional investors see future value in Ethereum, beyond short-term fluctuations.
$ETH is building up for the next big breakout.
Buyers are stepping in sub $2,400 indicating a new floor.
The resistance at $2,700-2,750 is strong and once that breaks, we’re likely going to see the next big surge (comparable with Bitcoin at $106,500).
It’s pretty normal to… pic.twitter.com/BONS62Sbqe
— Michaël van de Poppe (@CryptoMichNL) June 9, 2025
Chart Setups Mirror Past Bull Cycles
Other market commentators are also noticing technical patterns that resemble previous major upswings. One pseudonymous analyst has drawn parallels between Ethereum’s current setup and the conditions seen in 2017, prior to its historic rally. They highlight that Ethereum has reclaimed its 50-day moving average—a trendline used by traders to assess momentum—which mirrors what occurred before its explosive rise eight years ago.
The analyst argues that while the market setup may appear similar, the current environment is far more robust. With increased liquidity, broader adoption, and a larger market structure, Ethereum may now be positioned for a more powerful move than in previous cycles.
Chart analyst Gert Van Lagen is also tracking bullish patterns in Ethereum’s price movement. He notes that a long-term “head and shoulders” formation is emerging on the two-week chart, pointing to a possible price target close to $19,500. He also flags the presence of a descending broadening wedge—a formation that, when completed, tends to lead to a breakout on the upside.
Since mid-May, Ethereum’s price action has shown repeated attempts to regain a key technical level around $2,525. This level represents a midpoint on the Fibonacci retracement scale—a tool traders use to identify potential reversal zones. Over the past few days, Ethereum has managed to climb above this level and is currently attempting to hold steady. If it closes the day above this mark, analysts believe it could signal the start of a push toward $2,800.
Technical Indicators and Market Signals
Multiple indicators are aligning to support the bullish sentiment. One such development is the appearance of a “golden cross,” which occurs when Ethereum’s 50-day moving average rises above its 200-day average. This signal is widely seen as a strong confirmation of continued upward momentum.
Ethereum is also forming a bull flag pattern, typically a continuation signal following a sharp rise. These setups often lead to further movement in the same direction.
Fundamentals Underpin Long-Term Outlook
Beyond price action and chart patterns, Ethereum’s underlying fundamentals are also pointing to future strength.
The Pectra network upgrade, launched in mid-2025, introduced a suite of enhancements aimed at improving transaction speed, reducing costs, and expanding staking options. One of the more notable changes is the flexibility it now offers for staking, allowing participants to stake anywhere between 32 and 2,048 ETH per validator. These improvements are expected to enhance Ethereum’s utility and make it more competitive within the blockchain sector.
Image 2: (Source: Unsplash)
On the institutional side, exchange-traded funds (ETFs) focused on Ethereum have drawn strong inflows. Recent figures show around $286 million was added through these financial products, with an additional $120 to $150 million entering via professional investment firms the previous week. This steady influx of capital strengthens Ethereum’s price foundation and adds to its market credibility.
Network activity is also surging. Daily active wallet addresses have climbed to between 450,000 and 485,000, with weekly active users increasing by 17% throughout May, reaching 17.4 million. The total value locked across Ethereum-based decentralised finance (DeFi) protocols now stands around $60 billion, indicating strong and growing engagement within its ecosystem.
Read Also: Ethereum Valuation Factors: Key Drivers in 2025
Taken together, Ethereum’s positive technical outlook, strong institutional backing, and increasing network usage are painting a picture of resilience and potential. While nothing is guaranteed in the cryptocurrency space, many analysts are aligning on the view that Ethereum may be preparing for its next major upward move.
