In mid-June 2025, the ETH/BTC trading pair has formed a bullish pennant, indicating possible price recovery amid increasing institutional interest.
Formation of Bullish Pennant on ETH/BTC
The bullish pennant formation of the ETH/BTC trading pair highlights the potential for price recovery, contributing to market optimism and institutional involvement.
Institutional Purchases and Their Impact
Noted institutional involvement, including Sharplink Gaming acquiring 176,271 ETH, highlights increased interest in Ethereum as an institutional asset. Community KOL AltcoinGordon mentions, "Renewed bullish sentiment in the cryptocurrency market around mid-June 2025."
Price Recovery Prospects for ETH
The expected 35% recovery aligns with past market behaviors, where similar technical signals on ETH/BTC resulted in notable rallies. The RSI has reset to neutrality, suggesting potential for upward momentum.
Market observers are monitoring the potential price impact on Ethereum and correlated assets based on historical trends, institutional interest, and reduced circulation.
