- Ethereum ETF inflows sustain bullish sentiment despite price consolidation phase
- Technical indicators hint at growing momentum as ETH nears major resistance zones
- Historical patterns and analyst views align on Ethereum’s breakout potential
Ethereum (ETH) is poised for a major move, as market signals continue to align in favor of a breakout. Following weeks of steady accumulation and a recent bounce from key support levels, investor sentiment appears to be shifting. A mix of technical indicators, on-chain data, and historical chart patterns suggest that ETH may be on the verge of a significant rally.
With the price hovering at $2,539.37 and recent net inflows into ETH spot ETFs, the stage is set for renewed upward momentum. Traders and long-term investors alike are watching closely for confirmation of the next leg higher.
Glassnode Data Shows Strong Accumulation Despite Price Plateau
According to Glassnode, Ethereum spot ETFs have recorded net inflows for four consecutive weeks, with 97.8K ETH added recently. These flows bring total ETF holdings to 3.77 million ETH.
#Bitcoin spot ETFs saw net outflows of -4.6K $BTC last week – first negative week in 8. Total holdings are now 1.20M #BTC, down ~11.5K #BTC from the late-May peak. A pause in demand after a strong run-up – watch for signs of re-acceleration. pic.twitter.com/TCVz5sL65Z
— glassnode (@glassnode) June 9, 2025
Although this figure remains about 41K ETH below the February peak of 3.81 million, the continued accumulation is a bullish sign. This trend suggests that institutional interest remains strong, even as ETH consolidates.
Besides, recent inflows come amid a broader context of mostly negative netflows since September 2024. Despite this, key accumulation periods in November and April indicate that investors view dips as opportunities. The latest inflow of $14.03 million on June 9 signals growing buying interest and may mark the beginning of a shift in momentum.
Analyst Predicts Explosive Upside Potential
Well-known analyst BATMAN believes Ethereum is currently mimicking its 2020–2021 price structure. He suggests ETH is deep in a consolidation phase, but a breakout is imminent. The token has already reclaimed major resistance levels after breaking out of a long-term downtrend.
$ETH is in a consolidation phase right now, but the breakout will be massive.
— BATMAN ⚡ (@CryptosBatman) June 9, 2025
Ethereum continues to mirror its 2020–2021 price structure almost perfectly.
A breakout is only a matter of time. You can expect significantly higher levels in the coming weeks and months.
Altcoins… pic.twitter.com/djMV89McbG
Mapped resistance zones at $2,839.95, $3,473.63, and $4,107.80 could act as targets in the next rally. Historically, when ETH begins its ascent, altcoins follow rapidly. This setup could potentially kick off a wider altseason across the crypto market.
Indicators Suggest Momentum is Building
The MACD line remains above the signal line but is flattening, showing waning bullish momentum. Meanwhile, the RSI sits around 54.40, indicating slight bullish bias but far from overbought territory. A drop below 50 might suggest a short-term correction, yet the broader trend remains constructive.
