ETH Surges 8%: ‘You Haven’t Seen What Ethereum Is Capable Of In This Cycle,’ Analyst Warns
Ethereum (CRYPTO: ETH) is up 8% over the past 24 hours and multiple bullish technical indicators are fuelling speculation about an upcoming altcoin season.
What Happened: In a podcast published on June 9, prominent crypto analyst Kevin argued that Ethereum is exhibiting rare and powerful technical setups that could signal the beginning of one of the strongest altcoin rallies in years.
He pointed out that several monthly indicators are reaching levels “never seen before” in crypto history.
A key highlight was Ethereum’s latest monthly demand candle, which Kevin compared to those that preceded major rallies in 2016, 2018, and 2020. “The one we just received may be the most textbook example yet,” he said, noting these formations often precede 4–12 months of sustained upside.
Kevin also emphasized that Ethereum’s monthly …
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