Ethereum News Today: Ethereum signals once-in-a-decade bull trend with rare technical alignment

Ethereum’s price chart is displaying a rare confluence of bullish technical indicators, according to Kev of Kev Capital, a crypto analyst. In a market update on August 12, Kev highlighted what he described as a “once-in-a-decade” alignment of patterns and signals on ETH/USD, ETH dominance, and ETH/BTC monthly charts. These signs, he argues, have not appeared together in Ethereum’s history and suggest a potential for significant price appreciation [1].

The analyst’s earlier May forecast for an “ETH season” is now unfolding largely as predicted. Since the low point in June, Ethereum has gained over 150%, with altcoins such as Chainlink, Uniswap, and Ethereum Classic posting triple-digit percentage gains from their respective lows [1]. Kev attributes this to a rare monthly demand candle forming at key support levels, which in prior market cycles have often signaled the start of major rallies.

Supporting this view, Kev pointed to multiple momentum indicators showing a dramatic turnaround from extreme oversold levels. The monthly Stock RSI displayed an “unprecedented V-shaped turnaround,” while the MACD histogram had been tightening since late 2019, indicating a potential reversal in trend. Whale money flow, he noted, was also reversing from the lowest levels in Ethereum’s history. “The monthly MACD is now crossing at the apex of this pattern—right at the zero line,” Kev explained, framing this as a technical ignition point for a sustained breakout [1].

On the ETH dominance chart, Kev identified a similar alignment of signals: oversold RSI and Stock RSI, an imminent MACD crossover, and price touching the same support level that previously underpinned the 2019–2020 rally. He argued that this bottom signaled the beginning of a phase where Ethereum would outperform Bitcoin, potentially lifting altcoins higher. The ETH/BTC chart further confirmed this, showing a clear lead from altcoins and a strong bottom formation [1].

Despite these bullish signs, Kev emphasized that Ethereum is not yet in a free price discovery phase. The key resistance level remains at the previous all-time high of approximately $4,850. “We’re not in the clear,” he warned, cautioning against buying into major historical resistance levels. He also noted that the broader “Total 2” market cap chart—representing all altcoins excluding Bitcoin—faces a critical test at the $1.71–$1.72 trillion zone. Until those levels are breached on high time frames, the market remains in a high-risk, high-reward phase [1].

Macroeconomic conditions, Kev added, may further influence the outcome. With the CME FedWatch pricing in a 90%+ probability of a U.S. interest rate cut in September and additional reductions expected in October and December, he believes the combination of easing monetary policy and the technical setup creates a “perfect recipe” for altcoin performance. However, he stressed that macro shocks could still disrupt this momentum and advised traders to position for pullbacks rather than chasing near-resistance levels [1].

Kev concluded that the recent technical alignment has already made history, with the ETH dominance and ETH/BTC calls playing out as expected. “We are on the back half of this bull market,” he said, though the extent of the rally depends on breaking through the $4,850 resistance level. Until then, the once-in-a-decade bull signal remains active but not yet fully realized [1].

At the time of reporting, Ethereum traded at $4,624, still below its previous peak. The path forward, Kev argues, hinges on a critical number: $4,850. If and when that level is cleared, the market could enter a new phase of sustained price discovery, unlocking further gains for Ethereum and related altcoins.

Source: [1] Ethereum Flashes Once-In-A Decade Bull Signal, Says Analyst (https://www.newsbtc.com/news/ethereum-once-in-a-decade-bull-signal/)