Ethereum (ETH) is showing positive technical and fundamental signals following a series of strong supportive events, notably the cash flow from ETF funds and the decision to approve ETH staking by the U.S. Securities and Exchange Commission (SEC).
Positive signals from ETF cash flow and legal actions
In the past week, Ethereum-based ETFs have recorded the strongest cash inflow since the beginning of 2025, with a total value of 321 million USD, bringing the total accumulation over the last 6 weeks to 1.2 billion USD – the strongest accumulation since late 2024. The strong participation of institutional capital is a clear indicator of ETH's mid-term price uptrend.
In particular, the SEC has officially approved staking programs for Ethereum, a significant step in legalizing staking activities in the United States. This event has considerably increased investor confidence, leading to a pronounced increase in demand and supporting ETH prices to surpass several key resistance levels.
Technical uptrend confirmed: MACD is preparing for a positive crossover
At the time of writing, Ethereum is trading around 2,625 USD, slightly up +0.66% for the day and maintaining a positive trend:
• Increased by +2.32% in the week
• Increased by +43.07% in the past 30 days
However, ETH is still recovering from a previous sharp decline, with a decrease of -21.22% since the beginning of the year and -31.74% in the last 6 months.
Technically, Ethereum has broken out of the consolidation zone around 2,550 USD, with a trading volume of nearly 288,000 ETH, establishing a sustainable uptrend with increasingly higher lows. The price is currently maintaining above the 200-day EMA – a strategic support area around the 2,500 USD mark.
• MACD is in a phase of narrowing negative divergence, preparing for a positive crossover, signaling the potential start of a new uptrend.
• Chaikin Money Flow (CMF) has returned above the baseline, reflecting positive cash flow.
• The ascending triangle pattern on the daily chart is accumulating strength, with short-term resistance around the 2,691 – 2,712 USD range.
• On the monthly chart, ETH has formed a 'morning star' candlestick pattern – typically appearing before prolonged price increases.
Upcoming price scenario
• If ETH breaks the resistance level of 2,700 USD, it is highly likely to target the next goal above 3,000 USD – an important psychological level.
• Conversely, if the support level of 2,500 USD cannot be held, ETH may retreat to test the 2,250 USD range, corresponding to the 100-day EMA.
Supply and demand factors support the long-term upward trend
One notable fundamental indicator is that the supply of ETH on centralized exchanges has dropped to a 7-year low, indicating a trend towards self-custody and reduced selling pressure. This is a positive signal regarding long-term investor confidence.
⸻
Conclusion
Ethereum is converging multiple supporting factors for a sustainable growth trend: from favorable legal policies (SEC approving staking), strong institutional ETF cash flows, to positive technical signals such as MACD crossover, ascending triangle patterns, and morning star candlesticks.
If the market continues to maintain an optimistic sentiment, ETH could very well reach the price range above 3,000 USD in the near future.
