Analysts indicate that Ethereum ($ETH
) has now gathered several key factors. These are the long-awaited catalysts for investors to launch a strong new rise.
In June, these signals became clearer, forming a solid foundation for short-term price forecasts. So, what are these factors? Let's delve deeper.
Why Ethereum May Be on the Brink of Its Biggest Breakthrough Ever
Axel Bitblaze, a well-known analyst on X, believes that Ethereum is on the brink of its biggest breakthrough ever. According to him, there are four main catalysts paving the way for Ethereum's upcoming strong growth.
One of the main reasons Axel Bitblaze is optimistic about Ethereum is the aggressive accumulation by BlackRock. Since May 9, 2025, BlackRock has purchased 269,000 Ethereum - worth approximately $673.4 million - without selling a single coin. This indicates a long-term investment strategy in Ethereum.
iShares Ethereum Trust (ETHA) fund flows.
Previously, BlackRock helped lead the price rise of Bitcoin ($BTC
) from $76,000 to $112,000, driven by huge inflows into its exchange-traded fund. Now, with similar movements occurring for Ethereum, many analysts believe this is a strong signal that Ethereum may soon break out.
Additionally, the latest report from BeIn Crypto indicates that Ethereum has recorded the strongest flow series since the US elections.
The second factor highlighted by Axel Bitblaze is the significant increase in Ethereum network activity. Last month, the number of transactions on the Ethereum network reached 42 million, the highest since May 2021. At the same time, daily active addresses rose to 440,000 - also the highest in the past six months.
Monthly Ethereum transactions.
This reflects the increasing usage of the network, especially in areas like decentralized finance (DeFi) and stablecoin transactions.
The third factor Axel points out is that the ratio #ETHBTC has dropped to its lowest level in six years. The weekly relative strength index has also reached an all-time low, indicating that Ethereum is currently in an oversold condition. This often signals a potential trend reversal.
Moreover, during the past month, the ETH/BTC pair has already recovered by 30%, which serves as an early confirmation of a potential reversal.
Volatility of the ETH/BTC trading pair.
Finally, he highlighted the institutional demand for Ethereum as evidenced by Sharp Link Gaming recently raising nearly half a billion dollars to purchase Ethereum.
Based on these developments, Axel Bitblaze expects Ethereum to reach $9,000 by early 2026.
"By December 2025, Ethereum may trade around $6,000 to $6,500. The final phase will occur in the first quarter of 2026, and Ethereum is likely to trade above $9,000 before the peak explosion,"
In addition to the catalysts emphasized by Axel, the amount of staked Ethereum reached a new record level in June, with 4.65 million Ethereum now locked, nearly 30% of the current circulating supply.
Staked Ethereum in decentralized finance protocols.
This rise in staked Ethereum has pushed the available supply on exchanges to new lows in June. With tightening supply and rising institutional demand, upward price pressure is increasing.
Is Ethereum on the verge of a rise similar to 2017?
In addition to Axel Bitblaze's analysis, veteran trader Merlin The Trader compared the current price cycle of Ethereum to the rise in 2017. He believes that Ethereum is now structurally positioned for an even stronger breakout.
Comparing Ethereum's price structure in 2017 and 2025.
"Ethereum repeats 2017... bar after bar 2017: breakout after reclaiming the 50-day moving average 2025: same setup. same level. same tension.
The only difference? 2025 has a bigger engine, more fuel... and no brakes." - said Merlin The Trader.
At the time of writing this report, Ethereum has recovered more than 50% since early May and is trading above $2,600. However, recent analysis from BeIn Crypto indicates that profit-taking has begun. This may act as short-term resistance for Ethereum to break above the 50-day weekly moving average, as Merlin anticipated.
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