Ethereum

Rally

bullish

Moonshot

Ethereum’s native token, Ether, has hovered between $2,300 and $2,800 for the past 30 days, but this sideways phase could be coming to an end, according to veteran chart expert Peter Brandt.
Moreover, an uptick in exchange-traded fund inflows reflects strong trader confidence and sustained bullish momentum in the current market.
<h2 class="wp-block-heading" id="h-every-dog-has-its-day">“Every Dog Has Its Day”</h2>
In a <a href="https://x.com/PeterLBrandt/status/1932223450392748321" rel="noopener noreferrer nofollow">recent X post</a>, Peter Brandt pointed out a market structure that could pave the way for a parabolic Ethereum rally. In an accompanying chart, Brandt noted how Ether has moved from a descending channel to a symmetrical triangle structure.
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Based on his analysis, Ether has been trading within a descending channel since December 2024, when its price soared above the $4,000 milestone. During this time, price action was confined within the channel’s boundaries, with resistance at the upper end and support at the lower end.&nbsp;
It’s worth noting that Ethereum’s price tested key levels, including $3,700 in January and $1,390 in April. But after breaking out of this channel in mid-April, Ethereum’s price started forming the symmetrical triangle pattern, which has historically indicated consolidation before a strong upsurge.
Ether’s price was trading at $2,773 on June 10, up more than 9% over the last 24 hours. According to Brandt, the asset might be setting up for an even bigger rally, <a href="https://x.com/PeterLBrandt/status/1932223450392748321" rel="noopener noreferrer nofollow">commenting</a>, “Every dog has its day — woof woof ETH.”&nbsp;
His analysis marks a notable shift in <a href="https://zycrypto.com/veteran-trader-peter-brandt-slams-ethereum-brands-it-worthless-junk/" rel="noopener noreferrer nofollow">Brandt’s outlook from earlier this year</a>, aligning with the renewed optimism for Ethereum.
<h2 class="wp-block-heading" id="h-robust-eth-inflows">Robust ETH Inflows</h2>
Notably, global Ether-based investment vehicles continued their winning streak last week, with net inflows of over $295 million, according to data provided by CoinShares. The products have now recorded a seventh straight week of inflows, totaling $1.5 billion.
“This represents the strongest run of inflows since the US election last November and marks a significant recovery in sentiment among investors,” CoinShares head of research James Butterfill <a href="https://blog.coinshares.com/volume-237-digital-asset-fund-flows-weekly-report-be52f926615f" rel="noopener noreferrer nofollow">said </a>in a recent blog.
Meanwhile, U.S.-listed spot Ether exchange-traded funds (ETFs) have posted their longest positive streak yet, drawing in a staggering $837.5 million since May 16, per Farside Investors <a href="https://farside.co.uk/ethereum-etf-flow-all-data/" rel="noopener noreferrer nofollow">data</a>. This reflects institutional conviction in the altcoin, despite its price being 43% below its all-time high.
If the positive trend continues in the next week, net inflows since the products debuted last year could cross $1 billion, a key psychological and market milestone for Ethereum bulls.

Ethereum Chart Pattern Supports Imminent Moonshot Rally To New Highs — Seasoned Trader Peter Brandt

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