The higher-timeframe momentum gauges for Dogecoin are quietly resetting, and two widely followed chartists say the setup that preceded DOGE’s biggest advances is close to reappearing.

In a new monthly chart, Kevin (@Kev_Capital_TA) stacks three market cycles and highlights a repeating structure: long, descending consolidations that resolve into impulsive breakouts, followed by measured Fibonacci 1.618 extension targets penciled far above the range.

One Trigger Could Ignite Dogecoin’s Cycle Surge

The present cycle has already cleared its multi-month falling wedge on the 1-month chart and, critically, completed a clean throwback: price pushed through the descending trendline, retested it from above, and turned higher, converting former resistance into support. On Kevin’s canvas, DOGE trades in the ~$0.23 area on the monthly scale, sitting beneath layered horizontal supply bands but above the wedge ceiling that capped it through the consolidation.

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Momentum is the hinge of Kevin’s thesis. “Anytime we saw Monthly Stoch RSI crosses on #ogecoin outside of the bear market along with an uptrending Monthly RSI ultimately lead to massive rallies to the upside,” he writes. He adds that “the goal is to get the StochRSI to cross the 20 level and show follow through as anything below that level is a sign of weak momentum. Currently crossing to the upside and at the 13 level.”

His lower panel draws a rising diagonal on the 1-month RSI—explicitly labeled “Higher Lows on 1M RSI”—to underscore that longer-term momentum troughs have been stepping up even as price coiled inside the wedge.

Kevin also reiterates the inter-market backdrop he’s watching: “If BTC can move higher and not putter out on us and we ultimately get ETH into price discovery with a dropping BTC Dominance then like I have said before DOGE’s biggest move of the cycle is likely. Just need a little more time and for BTC and the macro to support the move. That’s the reality not engagement farming hopium.”

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With the structural breakout and retest in hand, the remaining confirmation on his checklist is mechanical—see the monthly StochRSI reclaim and hold above 20 while the monthly RSI preserves its pattern of higher lows.

On targets, Kevin has previously mapped an aggressive trio of Fibonacci extensions above the last cycle’s peak: 1.618 at $3.97, 1.65 at $4.33, and 1.703 at $5.00. In prior cycles on the same template, wedge resolutions were followed by vertical expansion toward comparable 1.618 objectives; these three levels now serve as forward waypoints should trend acceleration resume.

Ichimoku Cloud Analysis For DOGE

A complementary, mid-cycle lens from Cantonese Cat (@cantonmeow) uses 2-week candles with Ichimoku Cloud to track the transition. “It’s doing more or less what I thought it would do from 2 months ago,” he notes, “where it bounced off the cloud, reclaiming Tenkan (blue line) as support, and is trying to launch itself above the green Ichimoku cloud on the right.”

In Ichimoku terms, that sequence—cloud bounce, Tenkan regain, then an attempt to clear the top of the forward green cloud—aligns with a shift from corrective to trending conditions on the 2-week timeframe and dovetails with Kevin’s higher-timeframe momentum trigger.

Taken together, the two studies narrow the focus to a clear condition set. Tactically, the 2-week chart is pressing the cloud top after reclaiming the Tenkan as support. And cyclically, the 1-month StochRSI is curling up from ~13 toward the threshold Kevin considers decisive at 20 while the 1-month RSI maintains a series of higher lows. If those momentum thresholds are secured against a supportive majors tape—firmer BTC, ETH in discovery, and declining BTC dominance—the Fibonacci extensions at $3.97, $4.33, and $5.00 could be DOGE’s price targets for this cycle.

At press time, DOGE traded at $0.223.

Featured image created with DALL.E, chart from TradingView.com

Macroeconomics expert Raoul Pal says risk assets could witness massive eruptions if the US dollar continues to weaken.

In a new video, Pal tells his 242,000 YouTube subscribers that if the US dollar index (DXY) falls further amid an improving business cycle, risk assets such as stocks and crypto could experience an extended bullish phase.

“So what happens is when the business cycle picks up, there’s more disposable income and businesses have more investment income and that gets driven out of the risk curve always…

And I think the inverse to the business cycle being so low for so long will be the flip side of the cycle will be longer than people expected because we’ve got this slight dislocation still working through post-Covid that then extends the business cycle…

But if financial conditions keep moving, if they really have done some sort of Mar-a-Lago Accord, and they get the dollar [DXY] below 90. Okay, then we’re going on further and yeah, maybe it’s a full bubble cycle then.”

The DXY, a measure of the value of the dollar relative to a basket of six other leading currencies from major economies, is currently at 98.

Pal further says an increase in global liquidity could also act as a bullish catalyst for asset prices amid high government debt levels.

“Just using the liquidity framework, the business cycle framework, the financial conditions framework, it’s all suggesting that the probability is because they need to roll the debt, they’re going to have to increase more liquidity, and this is just going to drive assets up strongly.”

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Investor Steve Eisman, who took short positions against the housing market leading up to the 2008 crisis, is sounding the alarm over an event that could trigger a collapse in the stock market.

In a new video on his own YouTube channel, Eisman says that he continues to be long-term bullish on the US stock market, noting that the US economy is in the best position to witness growth and innovation in decades.

But Eisman cautions that escalating geopolitical tensions could obliterate the US economy’s growth potential, sparking a big stock market sell-off.

“We’ve been in a bull market pretty much for the last 10 years with some fits and starts. And so buy the dip has become almost a religion. It’s a religion that right now I largely subscribe to because I am of the view… that the US economy is more dynamic than it’s ever been in my lifetime. So long term, I am very bullish. 

However, the one thing that I worry about is the potential trade war. And here, it’s in no one’s interest for there to be a trade war. But just like in World War I, it was in no one’s interest for there to be a World War I. But because of the reciprocal treaties that countries had, they fell into it. 

I think it’s still possible that there’s a trade war. I don’t know how to handicap it. That is really the only risk in the market. 

As long as there’s no trade war, I’d buy every single dip. If there is a trade war, however, you would see a very big correction.” 

As of Friday’s close, the S&P 500 is trading at a new all-time high of 6,173 points.

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A crypto analyst gaining traction for timely Bitcoin calls is outlining a scenario where BTC breaks free from sideways trading and surges to new all-time highs.

Pseudonymous analyst Credible tells his 468,700 followers on the social media platform X that Bitcoin appears to be following an Elliott Wave (EW) pattern where BTC consolidates in the next few weeks before igniting a breakout rally toward the end of July.

Elliott Wave theory is an advanced form of technical analysis that seeks to forecast future price movements by tracking crowd psychology, which often unfolds in recurring wave patterns.

Says Credible,

“BTC holding up very well over the last few days.

As stated in my last update, I think we will test the blue zone sooner or later, whether that be before or after taking our local range highs.

From an EW perspective, something like this would be ideal. Although there are, of course, a few different structures that we may see to complete this correction, structures that lead to a tighter compression before expansion are always preferred because a substantial decrease in volatility/compression usually leads to a stronger breakout after.

Focus should remain on key levels (blue zone and range highs) in terms of areas of interest.”

Based on the trader’s chart, he seems to suggest that Bitcoin will briefly rally above $110,000 before pulling back to the $100,000 level to gear up for a breakout surge.

As for the altcoin market, Credible thinks that alts will witness huge upside bursts despite concerns about liquidity sources. According to the analyst, crypto investors had the same liquidity worry about Bitcoin when it was trading below $30,000, and now BTC is worth $107,417.

“Stop worrying about ‘where the liquidity will come from’ for alts.

At this stage, crypto is like a teardrop in the ocean – there is plenty of liquidity out there.”

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Ethereum price action over the last 24 hours It is characterized by falling Heading towards $2,100 before rebounding very quickly. Ethereum prices have fallen to $2,130 in the last 24 hours at Crypto Exchange Coinbase amid a wider decline in the crypto industry. It’s a very short time, below $100,000.

Despite a sudden Ethereum price adjustment, analysts offered Discussions suggesting strong Ethereum gatherings Once this current economic recession is complete. In particular, they Projections are not short-term, One of them will make Ethereum’s next major target at about $6,000.

Shake the perfect, but flaws before the rally

First detailed analysis It came from @CryptOwavev, a trader who uses Elliott Wave Theory to predict market structure. According to his recent post, Ethereum prices have now completed what he considers to be a wave of greater corrective structures. His chart shows Ethereum collapses from around $2,900 and falls almost directly into the Fibonacci-based support zone, between $2,134 and $1,957.

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With the Wave A pattern now complete, the prediction is a short-term bounce up to $2,792 as part of the Wave B retracement. However, this upward movement is temporary before another wave’s C-leg is downward, allowing the price of Ethereum to be increased to $1,706 before a meaningful bottom is confirmed.

This level is what analysts call his “ideal buying zone” for long-term accumulation. The short-term view includes price crashes; A complete bullish impulse resumes Once this correction stage is complete.

The Wyckoff structure refers to the ETH price of $6,000

Merlin, popular analyst at X; We shared a contrasting convergence perspective. In this case, the analyst’s outlook is based on Wyckoff’s accumulation framework. Merlijn said, “Ethereum: Wyckoff Go says.”

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According to the daily price charts that followed his analysis, the analysts showed that the cipher had already completed the spring and testing phase. According to the Wyckoff method, the next one comes in the markup phase.

The charts posted by Merlijn are consistent with this outlook. The chart projected it Ethereum regains a A horizontal range of $2,150 to $2,450 followed by a steady progression of over $3,850, followed by another strong move above $4,800, which ultimately peaked at around $6,800 to $7,000. This bullish setup has been suggested a recent decline to $2,100 It may have shaking my confidenceit may have served a greater structural purpose. The spring and test pattern means the final shakeout of the weak hands, meaning that long-term buyers will clear the path to intervention.

Finally, the outlook from both analysts has converged on a 6-month-to-1 year trajectory, with Ethereum splitting into the $6,000 range. At the time of writing, Ethereum has traded at $2,420, up 7.4% over the past 24 hours.

Getty Images Featured Images, Charts on tradingView.com

Ethereum is approaching a critical test as price action tightens, setting the stage for a decisive move above key demand. After weeks of volatile yet controlled trading, bulls are attempting to reclaim higher ground, but momentum remains limited. At the same time, bears have repeatedly failed to drive ETH below the $2,400 level, reinforcing it as a strong support zone for now. With global markets under pressure from geopolitical tensions and macro uncertainty, Ethereum’s next move could define the direction of the broader altcoin market.

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Top analyst M-log1 believes the ETH/BTC pair is the most important chart to monitor in the coming days. According to his view, a breakout—either to the upside or downside—will determine the fate of altcoins across the board. The setup has reached an inflection point after multiple tests of the lower support band, with bulls continuing to defend it against breakdown attempts.

This consolidation phase, combined with suppressed volatility and rising macro tension, makes Ethereum’s current structure one of the most significant technical formations in crypto right now. All eyes are now on ETH/BTC as traders prepare for what could be a defining moment in the altcoin cycle.

Ethereum Builds Pressure As Breakout Nears

Ethereum continues to trade within a narrow range that began in early May, hovering between the $2,400 and $2,800 levels. This prolonged consolidation comes at a time of growing geopolitical instability, as the conflict in the Middle East escalates and macroeconomic uncertainty grips global markets. While many investors had anticipated an altseason by now, that rotation of capital into altcoins has yet to materialize. All eyes remain on Ethereum to serve as the catalyst for that next leg higher.

M-log1 believes the ETH/BTC pair holds the most important signal in the coming days. “This is probably the most important chart you want to keep an eye on,” he stated, highlighting that whichever direction ETH/BTC breaks could determine the fate of the altcoin market.

The chart has repeatedly tested the lower support range, with bulls successfully defending that level on at least eight occasions. According to M-log1, this persistent defense suggests that bears are losing momentum, and a breakout to the upside is more likely. “I am 80/20 in favor of the upside,” he said, citing the market’s inability to break lower as a sign of underlying strength.

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ETH Tests Weekly Moving Averages

Ethereum (ETH) is currently trading at $2,550, maintaining its position above all major weekly moving averages—50, 100, and 200. This level marks a key technical pivot as price consolidates between $2,450 and $2,680 after a strong recovery from its April low near $1,500. Despite multiple attempts to break higher, ETH continues to face resistance just below the $2,700 mark, showing that sellers remain active near historical supply zones.

Importantly, the recent weekly candles have held the 100-week and 200-week simple moving averages as support. This indicates structural strength, especially considering the broader macro uncertainty driven by Middle East tensions and tighter U.S. monetary policy. Volume remains steady, with no signs of panic selling, further supporting the idea that ETH is stabilizing.

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The current compression in price around key moving averages typically precedes a larger directional move. A confirmed weekly close above $2,700 could open the door to a rapid push toward the psychological $3,000 level. Conversely, losing the $2,400 support would likely trigger a short-term correction back toward the 50-week SMA near $2,289.

Featured image from Dall-E, chart from TradingView

Bitcoin’s grip remains strong in the market. Its advantage, measured as a percentage of total crypto market capitalization, falls close to nearly 63.9% after winning a high of 65.3% in May.

Historically, such strength from Bitcoin has preceded a wide shift in which traders spin profits into smaller assets. However, this time, the shift has not been realized on a meaningful scale. People are wondering: When will the Altcoin season begin?

Many expected 2025 to be the year Altcoins made a comeback, but that optimism is beginning to fade and thin midway through the year.

Exploration: Only Fan Rich List 2025: Sophie Rain steals crowns as rifts appear in creator inequality

Still, experts agree: the Altcoin season is not dead, just delayed

This extraordinary dynamic explains several factors. One of the most important is the rise in institutional investors who currently view Bitcoin as a regulatory entry point to crypto. With the launch and rapid adoption of Spot Bitcoin ETFs, large capital flows directly to BTC.

In previous cycles, altcoins sometimes functioned as speculative stand-in for Bitcoin. Today, institutions have direct access to the BTC. This is exactly what they do. This shift has had a damping effect on other markets.

Bitcoin remains a consensus trade between institutions. The recognition of BTC as a safer bet backed by regulatory clarity and operational reliability makes it difficult for capital to spin towards the altcoin. In contrast, many altcoins still tackle smart contract risks, unclear regulations, and high centralization. This makes them reluctant to venture beyond Bitcoin, at least for now.

Bitcoin Dominance Chart Signal: Still in the BTC-led phase

(BTC.D)

Looking at the Bitcoin domination charts enhance this story. Approximately 64.8% of Bitcoin’s market share has been steadily rising since the second half of 2022. In contrast to the 2020-2021 Bull Run, BTC’s dominance peaked at ~73% before it fell rapidly and caused the altcoin season for Fulfurd.

The weekly charts consistently show highs and higher lows, with capital continuing to flow to Bitcoin while most Altcoins are behind. This advantage becomes even more clear on the ETH/BTC chart.

(btceth)

Ethereum is struggling to surpass BTC. It remains relatively stable against the US dollar, but has lost its position against Bitcoin for nearly two years. Simply put, keeping BTC in ETH during this period provided better ROI.

Why is this important: ETH/BTC is often considered a proxy for AltCoin trust. When ETH works well against BTC, it usually directs risk appetite and a healthier Altcoin market. Meanwhile, the decline in the ETH/BTC ratio suggests defensive positioning and capital integration into Bitcoin.

Reown CEO Jess Houlgrave says Altcoins is behind as hype, not fundamentals, still driving many people. Bitcoin, meanwhile, cements its reputation for institutional trust, consistent utility and macro-relatedness.

Some crypto influencers believe that the biggest altcoin season in history could still begin in June. However, macroeconomic factors cannot be ignored. Geopolitical tensions, interest rate uncertainty and a cautious risk environment have made investors hesitate to embrace volatility. Liquidity also spreads thinly across the ever-growing pool of new Altcoin projects, attracting market attention.

As a result, there is a fragmented environment, and in a fragmented environment, there are very few altcoins that will maintain great momentum.

Ethereum accumulates quiet strength so that Bitcoin’s advantage is preserved

On the bright side, Ethereum sees a strong accumulation from whales and a steady influx into spot ETFs. Over 870,000 ETHs have recently been purchased in a day, making it the best since 2017.

(sauce)

Nevertheless, ETH prices have fallen slightly as the short positions of CME futures rose sharply, and now have net shorts of $1.55 billion. This reflects the popular delta neutral strategy. Investors will be longer via ETFs or spots, shortening futures to earn hedges and yields without direct price exposure.

If staking for US-based ETH ETFs is approved, this strategy will expand significantly, offering a return of nearly 8%. For now, the strong foundations of Ethereum are overwhelmed by sophisticated hedging activities.

For Crypto enthusiasts, for those who think it’s time for Bitcoin to eventually fall, the answer is not yet, and is soon. The Altcoin season can take some time, but it’s far from being cancelled. As Bitcoin surge plateaus and freshcapitals are looking for higher returns, the Altcoin market could be when it’s near the end of 2025 or into 2026.

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Macro strategist Luke Gromen unpacks how developments in the energy market could directly impact Bitcoin (BTC).

In a new thread on the social media platform X, Gromen tells his 340,800 followers that he thinks gold and Bitcoin are poised to surge if energy prices spike.

“1. Whenever physical [gold] is revalued to a big multiple of oil, energy prices in fiat will skyrocket, sending gold far higher on fiat.

2. When energy prices in fiat skyrocket, the price of BTC will also skyrocket in fiat.

And the stock-to-flow ratio of BTC is way higher than gold.” 

When asked about the connection between oil and BTC, the macro expert explains that surging energy prices fuel inflation, which in turn puts pressure on the bond market.

“Because the bond market will need to be capped with printed money to prevent the inflation driven by a rise in energy prices from collapsing it…

Rising energy prices beyond a point will break bonds.

Once that happens, either money will have to be printed to cap yields to maintain government solvency, or sovereign debt will nominally get restructured.

Assets with no counterparties should outperform (gold, BTC).”

When inflation is on the up and up, bond investors demand higher yields (returns) to make up for the loss in purchasing power. Bonds locked into lower yields typically witness a drop in value as investors rush out of assets that offer little to no real returns, triggering a bond market collapse. Gromen thinks that the Fed will be forced to buy bonds with printed money to prevent a collapse, creating favorable conditions for Bitcoin and gold.

Gromen also notes that at the most fundamental level, Bitcoin is a product of the energy market as miners rely on massive amounts of electricity to mine BTC.

“Electricity used to support BTC and its price is very real, enough to power much of the US continent.”

At time of writing, Bitcoin is worth $106,401.

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Crypto Journalist

Anas Hassan

Crypto Journalist

Anas Hassan

About Author

Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.

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Last updated: 

June 16, 2025

Ethereum whales are orchestrating their most aggressive accumulation campaign since 2018, with wallets holding between 1,000 and 10,000 ETH, as they add 818,410 ETH worth approximately $2.5 billion in a single day on June 15, according to data from GlassNode.

This massive influx represents the highest daily inflow for this whale cohort in over six years, pushing their collective holdings to more than 16 million ETH compared to just 11.87 million ETH nearly a year ago.

The accumulation comes as digital asset investment products recorded $1.9 billion in inflows for the ninth consecutive week. Ethereum has captured $583 million of these flows in its strongest weekly performance since February.

Whale Accumulation Meets Strong Institutional Belief

The whale accumulation surge coincides with broader institutional confidence, as spot-based Ether ETFs recently concluded a remarkable 19-day inflow streak that brought in $1.37 billion before experiencing a minor $2.1 million outflow.

Ethereum Name Service witnessed a 313.5% surge in whale transactions, and Ethereum-based lending protocols recorded a 203.8% increase in large-holder activity during recent weeks.

The accumulation pattern extends beyond the largest whale cohort. Blockchain analytics firm Santiment revealed that wallets holding between 1,000 and 100,000 ETH have collectively added 1.49 million ETH, worth approximately $3.79 billion, over the past 30 days.

This sophisticated investor group’s holdings increased by 3.72%, now controlling 41.61 million ETH, or nearly 27% of the total supply.

The sustained accumulation occurs as retail traders have been taking profits, creating a classic wealth transfer from weak to strong hands that typically precedes significant price movements in cryptocurrency markets.

Digital Asset Resilience Defies Global Market Turbulence

The massive Ethereum whale accumulation has occurred against a backdrop of global market uncertainty, with geopolitical tensions from the ongoing Israeli-Iran conflict weighing traditional risk assets.

However, digital assets have demonstrated remarkable resilience. The $1.9 billion weekly inflow marked the ninth consecutive week of positive flows and contributed to a record year-to-date total of $13.2 billion in digital asset investment product inflows.

This performance places digital assets alongside gold as one of the few asset classes attracting capital during periods of geopolitical stress.

Regionally, the United States leads the charge with $1.9 billion in inflows, followed by meaningful contributions from Switzerland ($20.7 million), Germany ($39.2 million), Canada ($12.1 million), among others.

The strength of Ethereum’s positioning becomes even more apparent when considering that its recent $2 billion cumulative inflows represent 14% of total assets under management.

Technical Analysis Reveals Critical Breakout Setup

From a technical perspective, Ethereum’s price action reveals a complex but potentially bullish setup across multiple timeframes. The asset is currently trading at $2,617 while consolidating near critical resistance levels.

The 4-hour chart analysis shows Ethereum trapped within a broad sideways range following its recovery from the $1,400 major low. Multiple Doji candlestick patterns suggest periods of indecision that often precede significant directional moves.

The triangle pattern overlay indicates a consolidation breakout scenario is developing, with the price coiling for what could be a substantial move above the $2,800-2,900 resistance zone.

The daily timeframe provides crucial context for Ethereum’s broader recovery trajectory. It shows successful reclamation of the 50% Fibonacci retracement level at $2,130 and current challenges at the 38.2% retracement level around $2,307.

Key technical levels include first resistance at $2,816 and primary support at $2,092, with the current consolidation just below the critical pivot at $2,407.

The technical structure suggests that sustained whale accumulation could propel Ethereum toward the 0% retracement level around $2,879, representing the previous significant high before the major correction phase.

However, the long-term chart presents a more nuanced picture with what appears to be a rising wedge pattern that has been developing over an extended timeframe.

While rising wedges typically represent bearish reversal structures, Ethereum’s positioning near the wedge apex at $2,607 suggests a critical juncture where a breakout in either direction could result in significant price movement.

The whale accumulation narrative strongly supports a bullish resolution, particularly if Ethereum can achieve a decisive break above the upper wedge boundary around $2,850-2,900 with strong volume.

Looking forward, if whale buying pressure can drive Ethereum above the $2,800 resistance zone, initial targets extend toward $3,000-3,200, with more ambitious projections reaching the $3,500-4,000 region should the rising wedge pattern be invalidated upward.

The key monitoring level remains the $2,570 support, as failure to hold this threshold could invite further downside and potentially delay the anticipated breakout scenario.