Ether Lee (ETH) recorded an impressive profit of 37.7% over the last month, but the second largest cryptocurrency due to its market cap is still 33% more than the June 2024 level. However, recent technology and warmth indicators suggest that ETH may be just before the evacuation.
Ether Lee Rium prints a strong morning star candle stick pattern
Merlijn Trader, an encryption merchant in X’s post today, potentially emphasized the strong on Ether Leeum Monthly Chart. According to Merlijn, ETH has printed the morning candlestick pattern. It is often considered a strong reversal signal.
If it is not initialized, the Morning Star is a strong reversal pattern that appears after the downward trend, indicating a potential shift to upward momentum. It consists of a large weak candle, a small candle that shows uncertainty, and a strong rock that closes well in the body of the first candle.
In addition to technical indicators, Ether Leeum is also increasing interest among institutional investors. According to a recent Coinshares report, the Global Crypto Exchange Trade (ETP) has seen a net inflow of $ 226 million during the week ending on May 30. Ethereum -based ETP was a major cause of this trend.
SOSOVALUE’s data further checks this propulsion. In May 2025 alone, the Spot Ethereum Exchange-Traded Funds (ETFS) recorded a surge in a sharp increase in $ 60 million in April.
In addition, more and more entities continue to maintain ETH in the network. TED PILLOWS, an encryption analyst in a separate X post I explained How Abraxas Capital acquired $ 7.5 million early today.
To recall, Etherrium Staying includes securing Ethereum networks and locking ETH to verify transactions, the core part of a certificate of understanding consensus mechanism. In return, the staker is generally rewarded with ETH to participate in the network operation.
It is important to maintain this support level
Veteran password analyst Ali Martinez Emphasized The importance of $ 2,550 is pointed out that ETH should increase this threshold. Then Martinez predicts possible for the $ 2,650 level.
According to this feeling, Crypto’s fellow analyst TITAN proposal The ETH quotes a breakout from the optimistic flag pattern of the daily chart and is preparing to run for $ 3,800. The analyst also pointed out that ETH is the present. possession Often the signal has been moved upward, exceeding the index moving average (EMA) for more than 200 days.
About 300,000 ETH in an optimistic event left The division between mid -April and mid -May can potentially contribute to supply crisis. At the time of writing, ETH has been trading at $ 2,538 for the last 24 hours.
The main image of unsplash.com, X and TradingView.com charts
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