Will Ethereum (ETH) Bounce Back? Key Fractal Signaling Potential Upside Move

Date: Thu, June 19, 2025 | 06:04 PM GMT

The cryptocurrency market continues to face strong selling pressure amid escalating geopolitical tensions between Israel and Iran. Ethereum (ETH), the second-largest cryptocurrency by market cap, has not been spared — dropping nearly 9% over the past 7 days and currently hovering around $2,500.

But beyond the red candles, there may be a bullish narrative quietly taking shape — one that closely mirrors the recent price action of Coinbase (COIN), and could signal a potential upside move for ETH.

Source: Coinmarketcap

Fractal Suggests Bullish Reversal Ahead

A comparative chart shared by analyst Jelle highlights an interesting fractal developing between ETH and COIN. For nearly two years, Ethereum and Coinbase stock have shown strong correlation in price movements — often rising and falling in sync.

ETH-COIN Fractal Chart/Credits: @CryptoJelleNL (X)

The latest example: This week, Coinbase ($COIN) surged sharply following the U.S. approval of the Genius Stablecoin Act — a move seen as bullish for regulated crypto institutions. Interestingly, ETH has yet to react, creating a potential lagging setup where it could soon follow COIN’s breakout path.

Historically, ETH has mirrored COIN’s price momentum after short delays, and if that trend continues, Ethereum could be gearing up for a significant bounce.

What’s Next for ETH?

If this fractal holds true, Ethereum may soon break out of its recent consolidation zone, potentially targeting the $2,800–$3,000 range in the coming weeks. This would reflect a continuation of its long-term correlation with Coinbase and capitalize on renewed optimism around U.S. crypto regulation.

However, traders should approach this setup with caution. While historical correlation is encouraging, market conditions remain uncertain. Ongoing geopolitical tensions and macroeconomic risks could still weigh heavily on investor sentiment.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.