- BlackRock grew its ETH holdings by 40% between Dec 2024 and June 2025, totaling $4B without ETH hitting past highs.
- Ethereum trades between 20- and 50-month averages, a setup last seen before its 140% rally in late 2023.
- M2 Global Liquidity Index trends upward, resembling 2012 and 2019 cycles that preceded major crypto rallies.
As per Crypto Capital Venture, in a youtube video, there is a developing shift in the broader crypto market, especially for Ethereum and altcoins. The focus is on mounting signals across institutional activity, liquidity metrics, and historical price setups that may suggest a new cycle is forming.
The key focus is on the Federal Reserve’s balance sheet, which has steadily contracted since 2022. This aligns closely with the extended crypto market downturn. However, the current outlook resembles past moments when easing measures preceded major rallies. With growing anticipation around a policy pivot, the crypto market could be nearing another upside move.
Liquidity Signals Flash Green as M2 Trends Higher
The analyst emphasizes the M2 Global Liquidity Index, currently showing a positive trend. He identifies this as a key factor behind past bull runs. Rising liquidity levels historically align with increased crypto asset prices.
He argues that current metrics resemble those of 2012 and 2019. Notably, those years also followed prolonged contractions. To support this viewpoint, he brings in recent economic growth data, including strong Q2 performance.
However, he points out that these developments are absent from crypto pricing. According to Crypto Capital Venture, such economic outlook often takes time to reflect in asset valuations. This delayed reaction has led many altcoins to underperform, but the analyst frames this as consistent with previous market cycles.
Ethereum’s Setup Resembles Historic Breakout Patterns
The video notes Ethereum’s technical pattern on the monthly chart. ETH is moving between its 20- and 50-month moving averages. That same setup occurred in late 2023, when Ethereum surged over 140%.
The Stock RSI also appears to be in oversold level, another recurring feature ahead of past breakouts. Importantly, institutional interest in Ethereum continues to grow.
According to data presented in the video, BlackRock increased its ETH holdings from 1 million to 1.4 million between December 2024 and June 2025. That $4 billion accumulation occurred without ETH reaching its previous highs.
Broader Altcoin Market Shows Signs of Reversal
The analyst also reviews the crypto market cap excluding the top ten coins. Here, he observes bullish divergences on both RSI and MACD indicators.
Although prices remain range-bound, those technical indicators continue trending upward. This combination has often preceded major breakouts. He notes that while retail traders focus on short-term moves, institutional players build long-term positions.
Overall, Ethereum’s multi-month technical setup, increased institutional inflows, and rising global liquidity all align with historical growth periods. While retail sentiment stays cautious, large investors appear positioned for broader crypto market moves.
