ETH Surges 20% to $2,305 as Golden Cross, DeFi Growth, and Institutional Inflows Fuel Rally

Ethereum (ETH) experienced a significant rally in the past 24 hours, with ETH/USDT trading as high as $2,305.25, marking a gain of over 20%. Trading volumes surged across major platforms, and key technical indicators signaled strong bullish momentum, drawing increased attention from both retail and institutional participants.

ETH’s price increase was driven by several factors, including a sharp rise in trading activity, a "golden cross" technical pattern with the 50-day moving average crossing above the 200-day, and a notable uptick in DeFi activity, with total value locked on Ethereum reaching $60 billion. Institutional interest was evident, with $200 million in ETH futures contracts opened on CME within a two-hour window. The market also exhibited a high Relative Strength Index (RSI) of 78 on the 4-hour chart, indicating strong momentum but also overbought conditions. Binance’s May 2025 Proof of Reserves report confirmed robust ETH holdings, further supporting confidence in the platform’s asset backing. Overall, the rally was attributed to a combination of technical breakouts, increased liquidity, and heightened institutional and DeFi participation.