Ethereum Rockets 50% in 7 Days—Is This the Altcoin Supercycle Trigger?

Ethereum just pulled off a jaw-dropping rally—up 50% in a single week—while Bitcoin maximalists scramble to justify their hedged positions. Traders are now debating whether this surge marks the start of a full-blown altseason or just another speculative blip before the Fed drops its next reality check.

The real question? Whether this is organic growth or just leverage-fueled gambling ahead of the quarterly institutional rebalancing window. Either way, the ’number go up’ brigade isn’t complaining—yet.

Ethereum Price: Technical Analysis Reveals ETH USD Recovery

(ETHBTC)

Today, we start our analysis by looking at the ETH/BTC weekly chart. This chart is often seen as an indicator for alt season, when structure turns bullish. The ratio has come down to the 2019 level and printed a large buy candle at the beginning of May.

Considering the size and volume of ETF inflows during that week, this candle classifies as Bullish Engulfing. Good start! But we’d like to see the purple zone reclaimed again.

(ETHUSD)

Moving on to ETH/USD, we have the 1D chart now. Large buy candles here daily, breaking above previous high, MA50, and MA100, with resistance met at MA200. We have an FVG from that first daily massive candle, which aligns with the last high and the MAs. Such confluences make it more likely for the price to retrace to $2100 before breaking the MA200 line. That kind of retrace will also reset RSI back to 40-50 levels, where another leg up can start.

(ETHUSD)

I finished this article with a 1H chart, which I’ve added many explanations to. Please study this and try to find at least one of these patterns or insights on another chart. All of these together mean to me that we will visit the $2300 area at least. Now, the price is trading below the MA50 as well. The FVG of the last bearish engulfing candle was visited a few hours ago. That WOULD be where I’d place my SL if I entered a short position here.

Once it retraces a little, I expect it to push the MA200 on 1D. If it breaks, I expect many alts to shoot up.
Happy trading and stay safe!

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Ethereum Price Gains 50% In One Week: Altseason Starting?

• Market structure turned bullish this month
• RSI looks toppy on 1D timeframe
• Potential retrace to $2100
• Needs to break above MA200 on 1D for alt season.