Thomas Daniels
Ethereum (ETH) has maintained a critical technical level above $2,400, signaling potential strength as market sentiment begins to shift. According to Michaël van de Poppe, founder of MN Trading Capital, ETH is poised to “test the other side of the range” in the coming weeks, provided this key support remains intact.
After peaking at $2,871 on June 11, Ether saw a pullback triggered by geopolitical events. Despite a 7.5% decline over the past month, the asset continues to trade above its lower range, a technically bullish signal.
Historically, Ethereum underperforms in the third quarter, with an average return of just 0.88% since 2014. However, a confluence of on-chain and macro signals suggests that 2025 could defy that pattern.
Multiple indicators reinforce the bullish outlook:
- The ETH/BTC ratio, down 6.84% this month, is being viewed as a potential setup for Ether outperformance versus Bitcoin.
- On June 16, Ethereum whales accumulated 1 million ETH in a single day—the largest daily buy since 2018.
- Spot Ether ETFs continue to attract capital. Wednesday marked the third consecutive day of inflows, with $60.4 million added that day and $232.4 million over three days. The market also recorded a 19-day streak of consecutive inflows—an unprecedented milestone for Ether ETFs.
This resurgence of institutional and retail interest comes as the broader market has been in recovery mode since mid-April. Analysts note that Ethereum has been “playing catch-up” during this rebound and may be gearing up for a more sustained rally.
However, experts caution against expecting a traditional altcoin season. While Ether’s momentum may lift parts of the market, not all tokens are likely to follow. As one analyst put it, “This time, holding the right alts will be key.”
With consistent ETF inflows, significant whale accumulation, and sustained technical support above $2,400, Ethereum appears well-positioned for a potential move toward the $3,000–$4,000 range. Still, macroeconomic uncertainty and seasonal market trends remain factors to watch.
