Ethereum Charts Signal Rare Opportunity for Altcoin Rally, Says Analyst

Crypto analyst Kevin notes rare chart patterns in Ethereum could signal a significant altcoin rally. He discusses strong bullish momentum, historical demand candles, and whale accumulation, pointing to ongoing positive trends. However, he emphasises that macroeconomic factors will be crucial for the bullish narrative to materialise, suggesting Ethereum may lead broader altcoin performance.

In a recent macro-technical analysis, crypto strategist Kevin, known on Twitter as @Kev_Capital_TA, highlighted a potentially significant moment for Ethereum (ETH). He noted that some rare monthly chart signals, not seen in years, may be setting the stage for what could be a durable outperformance from altcoins. In a video shared on June 9, he called the current setup ‘something we’ve never seen before,’ drawing parallels with previous signals that led to major rallies in 2016, 2018, and 2020.

Kevin pointed out that Ethereum is presently showing strong bullish momentum across its USD pair, dominance chart, and the ETH/BTC ratio. He discussed how several high-timeframe indicators are aligning simultaneously, indicating that such confluence does not happen often. “These are things that just don’t pop up every day,” he stated, adding that such configurations have rarely occurred together in Ethereum’s history.

The crux of Kevin’s analysis is the “monthly demand candle.” This is a large green candlestick that appears after an extended correction period. Ethereum generated a demand candle in May 2025 following almost a year of sideways movement combined with five months of price declines. Historically, these demand candles have foreshadowed significant upward movements. Kevin mentioned similar structures in 2016, 2018, and during the 2020 COVID-19 crash, all of which preceded substantial multi-month rallies.

“This may be the most textbook demand candle we’ve ever had,” he claimed, explaining, “The last time we saw something like this was before ETH ran for nearly a year with barely any major corrections.”

In addition to the candle analysis, several technical indicators are also showing bullish signs. The Market Cipher momentum wave has reached oversold conditions and printed a confirmed green dot buy signal. Simultaneously, the volume-weighted average price (VWAP) crossed above the zero line, and money flow is trending upwards. Kevin didn’t shy away from emphasizing the significance of this configuration, stating, “Let me tell you something: this is a big deal.”

Currently, the monthly Relative Strength Index (RSI) stands at 51 and has not yet crossed the critical 70-level, which historically signals the start of parabolic price movements. Kevin stressed that “ETH has never even broken 70 this cycle,” suggesting that the best for Ethereum and altcoins is yet to come.

He also has observed a resurgence in whale accumulation, which is monitored through a proprietary indicator termed “whale money flow.” After a year of reduced ETH positions—from March 2024 to May 2025—the whale flows have shown a V-shaped bottom and are now beginning to rise. “We are now starting to see accumulation durably here,” Kevin pointed out while also mentioning increasing whispers about BlackRock’s buys in ETH.

Moreover, Kevin mentioned that Ethereum’s stock RSI on the monthly chart has not only bottomed out but is now on a sharp rebound, a pattern he believes typically precedes long-lasting uptrends. He clarified that for confirmation, the RSI needs to surpass the 20-level but remarked that the current rebound looks significantly stronger than those in previous cycles.

Another important facet of his analysis relates to Ethereum’s dominance in the market—a measure of its market cap compared to other cryptocurrencies while excluding Bitcoin. Kevin noticed a potential double bottom on the monthly chart paired with a newly confirmed MACD momentum shift, marking the end of over two years of downtrend. “That’s two years and one month of downtrend finally reversing,” he stated.

Additionally, the ETH/BTC pair appears to share a similar structure to Ethereum’s dominance chart. Kevin considers this alignment critical, noting, “Wow, that’s funny—it looks the same. You find your major low right where you found it in 2020. The monthly indicators are all curling up.”

Still, Kevin is cautious with his optimism, reminding viewers that macroeconomic factors, particularly the monetary policy landscape, are key to solidifying the bullish case. “It’s going to take some monetary policy shifting. We still need inflation to align. But the market tends to live four to six months ahead. If the market senses easing is coming, we’ll see that reflected in asset prices ahead of time,” he explained.

Reflecting on cycle theory and the historic post-halving performances of Ethereum, he noted that ETH’s recent strengths align with broader trends. “Typically, ETH and altcoins start to outperform Bitcoin in the post-halving year. We’re halfway through that window—and it looks like it’s finally starting.”

Looking forward, he sees Ethereum as the key factor that could unleash broad altcoin outperformance. “ETH opens the door to soaking up market cap, which will then spread to mid-caps and small-caps. Everything starts with ETH,” he expressed confidently.

Ultimately, while patience remains critical, Kevin concluded with a strong belief that “the monthly time frame indicators have never been more historically on our side. I think we’re on the verge of something really big,” as ETH was trading around $2,739 at press time.