Ethereum (ETH) price has signaled a potential market reversal ahead. The large-cap altcoin, with a fully diluted valuation of about $377 billion, rallied 4% during the past 24 hours to trade above a crucial midterm supply level around $3,082.
In the four-hour timeframe, the ETH/USD pair will have formed a potential higher low, after consistently closing above its falling logarithmic trend and the resistance level around $3,082.
Source: TradingView
From a technical analysis standpoint, the ETH/USD pair has formed a similar fractal pattern to Gold. After four years of consolidating in a horizontal pattern, the gold price experienced a parabolic rally to a new all-time high of about $4,373.
Similarly, the ETH price has formed a similar fractal pattern, thus signaling a potential big setup for a parabolic bull rally.
Source: X
The Ethereum network has evolved into a major ecosystem of Decentralized Finance (DeFi). With a total value locked (TVL) of about $70 billion and a stablecoin supply of around $165 billion, the Ethereum network has attracted more institutional lending protocols such as AAVE.
According to market data from DeFiLlama, Ethereum’s TVL and stablecoin supply have surged exponentially in the past few months. The gradual implementation of the GENIUS Act has helped the Ethereum network attract more institutional investors and retail traders.
The midterm outlook for Ethereum and the wider altcoin market remains bullish fueled by the rising global money supply. In the United States, President Donald Trump has been preparing to announce a new Fed Chair, with the odds favoring Kevin Hassett.
Meanwhile, with the Fed already printing more money to buy U.S. securities and treasuries, the global money supply will experience a sharp uptick. As such, ongoing capital rotation to altcoins will favor a major pump in the coming months.
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