Ethereum’s price remains stagnant despite steady gains since April. While hovering around $2,600, technical activity is ramping up. Yet, optimism abounds among some analysts who believe a significant shift is imminent. Indicators suggest a major market turnaround is brewing, with June marking a turning point for Ethereum. Powerful signals are emerging that indicate a potential surge. Ethereum’s price action in recent weeks has shown rare demand indicators, particularly the April candle. This signal has only appeared twice since 2020 and historically preceded substantial bull runs. Additionally, the monthly stochastic RSI is poised for a significant crossover out of oversold territory, mimicking a similar event observed during the 2020 bull cycle. Finally, the MACD exhibits remarkable compression after four years, hinting at potential energy release. Ethereum’s performance relative to Bitcoin and other altcoins often shapes broader market trends. This dynamic underscores Ethereum’s potential for sustained altcoin outperformance. The ETH/BTC ratio is currently stabilizing near the 0.5 Fibonacci retracement level of the 2020–2021 rally, echoing similar historical patterns seen in 2019. Ethereum dominance is also showing signs of reversal with demand candles resembling those witnessed in 2019. Technical momentum signals are clear, and this dynamic fuels hope for a strong altcoin cycle. Kevin, a technical strategist, highlights that Ethereum’s behavior often sets the market’s pace. He observes that when the crypto wakes up, the rest of the market follows suit. Ethereum’s sustained price rise against Bitcoin underscores its unique position within the crypto landscape. This dynamic is supported by key indicators like the monthly RSI and MACD. Kevin emphasizes that Ethereum’s recent growth aligns with a potential cycle shift. This resurgence is further fueled by increased monetary flows, signaling a resurgence in whale activity. Meanwhile, momentum continues to build on the price charts, indicating easing selling pressure and a shift toward a new market cycle. Ethereum’s transformation isn’t limited to technical indicators. The ecosystem is evolving, attracting attention for its innovative features. A notable example is ETF staking. This has already triggered a significant 50% jump in Ethereum’s value within a single month, demonstrating the crypto’s potential to bridge traditional and decentralized markets.