Ethereum (ETH) is once again showing signs of an upward trend. A technical bullish signal called the 'Golden Cross' is imminent on the price chart, and based on previous instances, a sharp rise has followed this signal, raising investor expectations.
Cryptocurrency analyst Ted Pillows predicted that Ethereum's 50-day Exponential Moving Average (EMA) will soon cross above the 200-day EMA. This is typically interpreted as a signal of a long-term upward reversal, and it is similar to the situation where Ethereum surged by over 35% within weeks after the previous Golden Cross. In fact, after the Golden Cross in November last year, Ethereum quickly broke through $3,000 and rapidly rose to the $4,000 level.
Beyond technical analysis, Ethereum's fundamentals are also becoming more robust. After breaking through $2,000 on May 8th, Ethereum has maintained a steady support line around the $2,500 mark. Trader 'Merlijn The Trader' commented that it seems to be reproducing the bullish market pattern of 2017, noting that this cycle is different from the past due to institutional funding support. He stated, "This rise is not a simple repetition, but an expanded form of history."
In 2025, Ethereum's buying momentum is clearly evident in the ETF market. With the approved spot Ethereum ETFs in the United States steadily accumulating assets, BlackRock's iShares Ethereum Trust (ETHA) has secured approximately $650 million worth of Ethereum in June, a figure recorded without an ETH staking option.
Additionally, it is noteworthy that the media company operated by the Trump family recently applied to the SEC for a new spot ETF product tracking both Ethereum and Bitcoin. This further strengthens Ethereum's acceptance into the mainstream.
Joseph Lubin, founder of Consensys and co-founder of Ethereum, described Ethereum as the "gateway for Wall Street to enter DeFi". He stated that financial institutions are now compelled to deeply understand Ethereum infrastructure and DeFi protocols when analyzing corporate financial strategies. This suggests that Ethereum is being recognized beyond a mere investment asset as a foundation for actual corporate blockchain activities.
With Ethereum's momentum strengthening from technical, institutional, and infrastructure perspectives, expectations for the next rally are increasingly becoming a reality. As the 'precursor to a bull market', the Golden Cross is expected to be completed soon, and interest in ETH from both institutions and individuals is rising again.
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