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Ethereum changes his hands near $ 2600 in the middle of the European day on June 3, which reduces minor gains overnight, but still retains a six -week follow -up that started in late April.
In new video The analysis, the technical strategic expert Kev_Capital_ta argues that the price plateau hides a visible structural transformation now on every main ETHEREUM chart. “I see historical things that I had to make a video on this topic – it cannot be ignored,” he told viewers at the beginning.
Ethereum met unprecedented ups since 2020
In the monthly ETH-SD chart, Kevin begins to be enlarged to the monthly ETH-SD chart. The viewers state that the price “did nothing but trade in a huge range” since April 2021, hiding the type of pressure that precedes violent expansion. In his opinion, the specified turn came in April when Ethereum entered in the area of only 1400 dollars to vice versa and closed a candle describing the “huge demand candle”.
It indicates that this style has not only appeared twice before on the ETH diagram per month – a time after a large correction and every time the continuous upward trend follows. The Maya candle provided confirmation: 41 % body raised the price above the long -term super -term, a region that many technicians already written as “guaranteed to break”.
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Kevin says, which makes the structure “very historical”, is the alignment of high bone indicators that rarely shoot together. The monthly random RSI is about to implement what he calls a “V -shaped cross” from the sales land; The last clean cross is distinguished by the macro bottom 2020.
Meanwhile, the MACD graph was pressing the like with a similar triangle that took four years to complete it, indicating “wrapped energy” that can only be resolved in a big directional step. Even the money flow readings in the series, says, “are linked to the lowest level in history-but the opposite already,” which means that deep pocket holders have started accumulating while the morale of retail sale remains frightening.
Kevin then burns the domination measures that, in his framework, dictates whether the step in Ethereum can leak into the broader Altcoin market. Depending on the ETHEREUM Award, Heikin-Ashi candles are withdrawn to show the first green print in more than a year in the region that formed the 2019-20 rule. He says, “We are in the same period of ETH dominance in 2019,” noting a series of demand candles that reflect the manager’s manager before the last session.
The market purchasing market has just appeared, VWAP crossed the zero line, and the money flow wanders from low depths at all. From Kevin’s point of view, the implicit meaning is clear: “Whales began to accumulate, and no one cares.”
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ETH/BTC percentage complements triftta. Here Kevin shows that the husband puts signs of a decline of 0.5 Fibonacci for the entire 2020-21 progress, printing his demand candles and turns green on Heikin-Ashi readings. The most surprising for him is the RAM RSI, which spent 1066 days-at least three full years-the twentieth threshold that traditionally represents the exhaustion of the bear market. “Time for the game,” announced. “This thing is the preparation for a backup, and the negative in ETH occurs directly under everyone’s nose.”
The launching behind the technical status is a Macro background that Kevin believes that it has become increasingly supportive. He says to the viewers: “You don’t really need the federal reserve money,” he says to the viewers. “We only need guidelines – Looser policy on the horizon, and adequate inflation publications – Ethereum will make the rest.”
Historically, he says that the decisive rotation in ETH was the operator of what he calls “excellent performance excellent performance”, because he indicates that the risk capital migrates to the bottom of the market spectrum. In this sense, the real ETHEREUM outbreak is a unilateral story less than a sign of the entire sector.
The skeptics will notice that Ethereum still faces severe resistance in the area ranging from 2800 and 3000 dollars and that the previous gatherings have stopped at this ceiling. Kevin admits that the level is very important, but he insists that the weight of the monthly signals makes a continuous breach. “These are the monthly time frames,” warns. “They are not playing overnight, but the evidence says that the multi-year-long bear market ends.”
At the time of the press, ETH was traded at $ 2,607.
Distinctive image created with Dall.e, Chart from TradingView.com
