- Ethereum forms higher lows near resistance, signaling a potential breakout is approaching.
- Over $1B in ETH ETF inflows in June shows rising institutional interest and strong market support.
- Coiling patterns and positive netflows suggest accumulation, not selling, ahead of a possible rally.
Ethereum has shown consistent accumulation and price compression near key resistance levels, leading analysts to anticipate a breakout. With continued ETF inflows and firm technical support, the current pattern suggests Ethereum could see a strong price movement in the near term.
Technical Setup Shows Compression with Support Levels Holding
According to an analysis prepared by Michael van de Poppe, Ethereum is nearing the end of a lengthy consolidation phase. The asset has been building higher lows while trading below a resistance zone that has been tested several times. This pattern suggests growing pressure that may result in a breakout.
The analyst also shared that Ethereum has been absorbing liquidity across several price points. Historically, such activity has preceded directional moves. Ethereum is currently trading around $2,273.62 and has recovered strongly from the April low under $1,400. The price is holding above key support between $2,160 and $2,200, which aligns with the 90-day VWAP and Fibonacci retracement levels.
According to an observation by Crypto Gems, Ethereum is forming a coiling pattern, often followed by sharp upward moves. Crypto Raven added that similar setups in the past have led to gains of 30% to 75%. Patience, the analyst noted, is critical during this phase.
ETF Inflows and Institutional Participation Continue to Grow
Ethereum spot ETFs have seen over $1 billion in net inflows during June, showing growing investor interest. Data from SoSoValue shows the last net outflow day was May 15. Since then, daily flows have remained positive. Spot ETFs directly hold ETH, which may support price strength.
Crypto analyst van de Poppe believes that increasing ETF inflows combined with tight price action could drive a strong breakout. New buyers have continued to enter the market, while repeated rebounds from support levels indicate active accumulation.
According to data from CryptoQuant, Ethereum exchange netflows have been mostly positive. Though often linked to selling, current chart structure and ETF activity point toward strategic accumulation, not mass distribution.
