ETH USD is in the headlines again! Traders on X are also posting their charts, announcing their positions and discussing what the future might hold. Besides the massive net inflows on the ETH ETFs, totalling nearly $1bn, the stable coin supply on Ethereum increased by a $150 million overnight.
$ETH is about to melt faces
pic.twitter.com/QMJ1ISbIOb
— Quinten | 048.eth (@QuintenFrancois) June 10, 2025
Many indicators are looking bullish, and the question is: Will the market sustain the momentum it built since April?
Yes, we have been in an uptrend for two months already! Please visit my last article from 26th of May for extra context as you read this one.
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ETH USD Price Movement Analysis: Is Ether About to Go Parabolic?
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Skyview time – 1W timeframe. The price history back to 2021, shows that Ethereum still has not printed a new ATH. Remember when Bitcoin did that? It was last year, March 2024! A break above the 2021 top has been a long time coming, and we might witness it in the next few months.
The last bit of this chart is the drop below $2500 (also MA200), a test of 2023 support, and a V-Shape recovery above MA200. V-Shape recoveries are most often signs of large demand. The last drop also marks the RSI bottom, last seen in May 2022.
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The next chart for this analysis is on the Daily timeframe. After bouncing off the 2023 support, ETH reclaimed the bullish side of RSI indicator. It also broke the bearish Market Structure and moved straight up to MA200, where it has stayed for about a month.
Successfully reclaiming MA50 and MA100. Accumulating, ready for another push, now that RSI has been reset. It needs to break that MA200 level now!
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Lastly, we will stop at a lower timeframe—4H. It is the timeframe that I personally use for multi-day swing trading since it cancels out a lot of the noise. And price respects the Moving Averages a lot of the time.
We see it doing just that, the last few days, retesting MA200. This is proving to be a grand entry, as price is making a new move up while I finish this article.
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ETH USD Knock-Knock-Knocking On Alt Season's Door
- Market structure remains bullish
- RSI reset on 1D timeframe
- Currently breaking above MA200 on 1D
- Needs to break and close above MA200 on 1D for alt season.
The post ETH USD Knock-Knock-Knocking On Alt Season’s Door appeared first on 99Bitcoins.
