
Ethereum (ETH) is showing one of the strongest technical setups in its history, according to market analyst Kevin of Kev Capital, who calls the current alignment of indicators a “once-in-a-decade” signal.
The price is now trading near $4,722, climbing steadily inside a rising channel that has been intact since April and aiming for a breakout to new highs.
Kevin explained that the rally began with a rare “monthly demand candle” forming at major historical support, something that in past cycles has preceded powerful rallies.
The monthly Stock RSI reversed sharply from oversold territory in a V-shaped turnaround while the MACD histogram tightened for years and has now crossed bullishly right at the zero line.
Also, the whale money flow flipped from its lowest point in Ethereum’s history to positive accumulation, suggesting massive adoption and demand.
On the daily chart, ETH has been moving within a well-defined ascending channel with the upper boundary being tested just below $5,000.
Source: TradingView
The last major resistance lies between $4,800 and $4,850, Ethereum’s previous all-time high from the 2021 bull market.
This zone also coincides with the upper end of the channel, making it the final obstacle before ETH enters open price discovery.
If ETH can break and hold above $4,850, analysts believe it could mark the beginning of a parabolic phase similar to past bull runs.
If buyers can push through with strong volume, the next targets are $5,000, followed by $9,000 and $15,000 based on the projected breakout trajectory.
For now, the rising channel remains intact, momentum indicators are bullish, and the rare technical alignment suggests Ethereum could be at the start of its most explosive rally yet.
With Ethereum holding a strong bullish trend, Snorter Bot ($SNORT) is rapidly becoming one of the most talked-about presales in the Telegram trading space – already raising over $3.11 million.
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As trading heats up across the board, $SNORT could be one of the breakout utility tokens of this cycle.
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