As Bitcoin approaches its historical high, ETH is silently gaining momentum. Is it passively linked, or is it brewing its own wave of upward movement?
In the past 24 hours, the crypto market has once again released strong bullish signals. Bitcoin (BTC) surged 3.7%, returning to the $110,000 mark, just a step away from this year's historical high set in May. Meanwhile, Ethereum (ETH) also recorded a 3.8% increase, with prices above $2,620, showing a correlation with BTC. However, against the backdrop of mainstream funds returning to Bitcoin, is ETH's rise merely a 'follower', or does it indicate that a wave of upward movement is quietly approaching?
Can ETH's price stand above the $10,000 mark? Analysts provide astonishing expectations.
Famous crypto market researcher DCinvestor recently made a bold prediction on social media: Ethereum is likely to reach levels above $10,000 in the next 12 months.
He believes that the driving force behind ETH's current rise is no longer speculators and retail investors, but the orderly entry of institutional capital and government forces. He pointed out: 'Retail investors have lost confidence in ETH; they have been educated by the market and even believe ETH is worthless. But they will watch ETH rise to $10,000 because enterprises, governments, and Wall Street are heavily accumulating positions.' This statement is quite controversial but reflects a reality: the flow of funds often determines the future of trends.
According to DCinvestor, even though ETH is two cycles behind BTC, this is not a weakness but a process of methodically building 'infrastructure value'. The new round of capital power will no longer care about network controversies or technical bottlenecks, but will focus more on the 'public chain value' in practical financial and governance scenarios.
The flow of funds has shifted: ETH ETF continues to attract capital
Data shows that institutional subscription heat for ETH is rising. According to the latest weekly report, since May 16th, Ethereum-related investment products have been the focus of inflows for the second consecutive week, attracting nearly $300 million in net inflows, with a total of $1.5 billion accumulated over seven weeks, accounting for 10.5% of its total managed assets. This is the strongest inflow wave since last year's U.S. election.
Currently, the rise in ETH is driven by two forces: the continuous return of ETF funds and the market's high expectations for key upgrades in Ethereum's technology roadmap.
Among them, the market cap ratio of ETH/BTC has rebounded above 0.14; historical data shows that whenever this ratio rebounds from a low, it often signals the beginning of 'altcoin season'. As the second largest project by market cap in crypto assets, ETH's technological upgrades and market confidence reversal often lead to a general warming of altcoin sentiment.
Technical indicators show multiple bullish signals.
From a technical chart perspective, ETH's current price has strongly rebounded from the May low to around $2,665, firmly standing above the weekly pivot range ($2,400-$2,500), with a short-term trend shifting from weak to strong.
Key technical elements to pay attention to include:
$2,483-$2,485 forms a short-term support zone;
A potential 'bullish flag' pattern is taking shape;
The 50-day and 200-day moving averages are forming a 'golden cross', indicating a medium to long-term structural reversal signal;
Short-term trading volume is recovering, and fund enthusiasm is increasing.
If ETH can maintain above $2,520, the next key resistance level will look towards the $2,900-3,000 range. Once it stabilizes in this area, the rebound of ETH may signal not just a 'follower' but a 'leader' in the market.
Mlion.ai perspective: How to seize the opportunity window for ETH's upward movement?
In the crucial stage where ETH faces technical breakthroughs and fundamental revaluations, how to identify the 'key turning points' for trend formation? This is precisely the moment when the value of data-driven decision-making is highlighted. With AI research platforms like Mlion.ai, users can:
Real-time tracking of the inflow and outflow dynamics of ETH ETF funds;
On-chain data analysis to identify the movements of large funds and changes in DeFi lock-up;
Smart labeling of technical indicators to warn of key technical signals such as golden crosses and moving average turning points;
Market sentiment heat analysis to identify the temperature curve of public opinion on platforms like Twitter and Reddit.
These features collectively help users make more informed and timely operational judgments before ETH may experience a surge.
Conclusion: Upward movement or main wave? The 'awakening moment' for ETH may be approaching.
While Bitcoin approaches its historical high, Ethereum is completing a quiet yet profound revaluation. Whether it’s ETF fund flows, Pectra upgrades, or structural rotation signals in the market, ETH demonstrates a 'value-driven' characteristic unlike before.
The current key question is not whether ETH will rise, but whether it is 'chasing Bitcoin's tail' or building a more sustainable 'main wave'? Judging this requires not just intuition but systematic understanding and data support.
Don't forget, the next round of the market often doesn't start from a climax but is brewed in silence. If you want to be at the forefront of the trend, Mlion.ai might be the best telescope for observing this change.
Disclaimer: The above content is for informational sharing only and does not constitute any investment advice! Investment involves risks, and caution is advised when entering the market.