Ethereum (ETH) surged by an impressive 6.3% today, and technical indicators suggest an even larger rally may be on the horizon. Two powerful chart patterns — the Golden Cross and a Bull Flag — are flashing bullish, signaling that Ethereum could soon retest the $4,000 level.
🔹 Technical Outlook: Gold on the Charts, and Possibly on the Horizon
On the daily chart, Ethereum has been consolidating since reaching a local high of $2,873 in May. While price action has remained relatively stable since then, the market is now shaping a bull flag — a classic formation that often precedes a strong upward move.
This pattern consists of two key parts: a sharp price rally (the flagpole) followed by a sideways or downward channel (the flag). If Ethereum breaks out in line with this pattern, the price target lies at $4,015, just shy of last year’s peak of $4,080.
At the same time, ETH has confirmed the formation of a Golden Cross, a rare and highly bullish signal where the 50-day moving average crosses above the 200-day average — typically indicating the beginning of a sustained uptrend.
🔹 ETF Momentum: Trump’s Blue-Chip Fund Sparks Fresh ETH Demand
Another major catalyst fueling optimism is the launch of a new blue-chip crypto ETF, in which Ethereum and Bitcoin are expected to make up 80% of the portfolio. Nicknamed the “Trump ETF,” this fund has drawn massive interest from institutional investors — bringing a new wave of capital into ETH.
📈 The numbers back it up:
Spot Ethereum ETFs have seen net inflows for nine consecutive weeks, the longest streak in history.
Total assets held in these funds now exceed $11 billion.
Open interest in ETH futures has jumped to $37 billion, the highest since June 13, and up from $23 billion last year.
🔹 What Could Invalidate the Bullish Outlook?
The main threat to Ethereum’s bullish setup would be a drop below the $2,125 support — June’s local low. Breaching this level could open the door to a retest of the 2024 bottom around $1,390.
⚡ Summary: Ethereum May Be in the Calm Before a Bullish Storm
The combination of powerful technical indicators (Golden Cross and Bull Flag), strong institutional inflows, and rising demand through ETFs suggests Ethereum could soon explode above $4,000. The market might currently be in a quiet phase — just before the next big move.
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