Ethereum CrossX Indicator Signals Buy as Institutional Accumulation Grows; Analyst Eyes $5,000 Target
Recent reports indicate that Ethereum’s (ETH) CrossX indicator is flashing a strong buy signal, pointing toward a potential breakout above $5,000. On-chain analytics reveal a shift in market sentiment, with institutional investors actively purchasing ETH as the trend turns from selling to buying.
According to Lookonchain, a prominent on-chain analytics platform, institutional whales are accumulating large amounts of Ethereum. Notably, a wallet associated with Cumberland DRW withdrew 27,632 ETH—worth approximately $50.24 million—in just three hours. The transactions involved major exchanges including Coinbase, Copper, and Binance.
Several high-value withdrawals highlight this accumulation trend: 7,600 ETH (about $13.83 million) from Coinbase, 5,992 ETH (worth $10.92 million) from Copper and Binance, and an additional 5,960 ETH (around $10.88 million) from Copper alone. These significant outflows from exchanges reduce available sell-side liquidity and reflect longer-term holding behavior, often a precursor to price rallies
Crypto analyst Ezy Bitcoin noted on X that the CrossX Indicator has recently issued a strong buy signal amid this wave of institutional buying. This development suggests growing demand and hints at potential further upward momentum.
The CrossX Indicator—which integrates volume, price action, and divergence patterns to identify high-probability trend reversals—has a strong track record from previous cycles. This is the first buy signal in over six months, and such signals have historically preceded major price movements.
With Ethereum rebounding from recent lows and showing a fresh Bullish Divergence, another rally may be underway. If historical patterns hold, ETH could rise to $4,200 by the end of the year.
As per CoinMarketCap, Ethereum is currently trading at $1,803, down 43.10% year-to-date. A rise to $4,200 would represent a 132.95% increase, bringing it closer to its all-time high near $4,800.
