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Ethereum hints toward a breakout, but are you missing the signs?

2min Read

With Open Interest at record highs and inflows surging, ETH could be repeating Bitcoin’s biggest moves.

Ethereum hints toward a breakout, but are you missing the signs?
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  • Ethereum’s Open Interest and inflows might be a sign of a potential breakout, mirroring Bitcoin’s past bull cycle.
  • Technicals show bullish structure, but ETH needs a strong catalyst to break above $2,600 short-term.

Is Ethereum [ETH] going through a calm before a breakout?

While traders obsess over short-term noise, ETH is stealthily stacking wins — Open Interest is at a record-breaking $34.08B and all signs point to a setup that is similar to Bitcoin’s legendary 2017-2021 bull run.

If $4K is the next big stop, are you looking close enough to see what’s coming?

Is an Ethereum breakout inevitable?

ethereum

Source: CoinGlass

Ethereum’s Open Interest has climbed to an ATH of $34.80 billion as of the 18th of June. This surge is a sign of aggressive positioning from derivatives traders and a spike in speculative interest.

At the same time, institutional flows are accelerating: ETH saw over $500 million in weekly net inflows last week, a very strong influx.

ethereum

Source: SoSoValue

Together, these show mounting conviction from both retail and institutional players; building the case for a sustained bullish breakout.

Déjà vu or destiny?

According to crypto analyst TedPillows, Ethereum’s current trajectory mirrors Bitcoin’s 2017-2021 cycle almost perfectly; from an 85% drawdown to a 350% rally, followed by a sharp 62% correction.

ethereum

Source: X

If history is any guide, the real parabolic phase may be just ahead — set in motion once ETH convincingly breaks above the $4,000 resistance.

Based on past patterns, this could mark the beginning of Ethereum’s own “real bull cycle,” with potential upside that mirrors Bitcoin’s explosive 1,190% surge.

Cautious optimism amid steady technicals

ETH traded at $2,541 at press time, comfortably above its 50-day and 200-day EMAs; a sign of bullish structure.

The RSI was at a neutral 50.20, so there’s room for upward momentum without entering overheated territory.

Source: Trading View

Meanwhile, the MACD remained in bearish territory, but signs of convergence hint that downside pressure may be easing.

While the broader outlook points to a breakout, short-term movement may stay muted unless ETH reclaims $2,600 with volume. For now, the trend favors the bulls — but the breakout will need a catalyst to ignite.

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Samyukhtha L KM is a journalist with a keen eye on the ever-changing digital asset landscape - and a soft spot for memecoins. With a Bachelors in Commerce and a Masters in Journalism and Mass Communication, she’s always curious about whether the next big thing in blockchain is hype or history in the making. When she’s not tracking the latest market moves, she’s reflecting on what blockchain adoption really means in a world still largely rooted in traditional finance.
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