Ethereum's CrossX indicator shows a strong buy signal, hinting at a potential surge to $5,000. On-chain data reveals institutional investors are accumulating ETH, with Cumberland DRW withdrawing $50M worth of ETH from major exchanges like Coinbase and Binance. Large withdrawals suggest reduced sell pressure and long-term holding, often preceding price rallies.

Analyst Ezy Bitcoin notes this is the first buy signal in six months, historically followed by big price moves. The CrossX indicator, tracking volume and price trends, predicts a bullish reversal. ETH could hit $4,200 by year-end, a 132% jump from its current $1,803 price. $ETH