Is Ethereum Price Ready to Skyrocket With Golden Cross?

Highlights

Ethereum nears Golden Cross as BlackRock buys $100M ETH, with network growth surging 134% and key resistance at $2,738 signaling potential for $3K breakout.
A Golden Cross formation, $100M institutional inflows, and 134% spike in new addresses could propel Ethereum past $2,738 toward $3,000.
With 50-day SMA crossing 200-day SMA, BlackRock's $100M purchase, and exploding network activity, ETH eyes breakout above $2,738 to challenge $3K.

Ethereum (ETH) price edges closer to generating a Golden Cross buy signal. After weeks of consolidation and uncertainity, is this a sign that ETH is ready to skyrocket? Let’s explore technical analysis, key levels to watch.

Ethereum Price Whiskers Away from Forming a Golden Cross

The daily Ethereum price chart shows that the 50-day Simple Moving Average (SMA) is attempting to move above the 200-day SMA. A successful move would form the popular Golden Cross buy signal. This technical formation is viewed by veteran traders as a shift in trend favoring bulls. In the stock market, this signal often marks the start of an extended bull run.

Is Ethereum Price Ready to Skyrocket With Golden Cross? — ETH/USDT 1-Day Chart

With such an optimistic signal forming for Ethereum, will the price follow through?

Can ETH Price Skyrocket?

The daily chart indicates that the Relative Strength Index is attempting to break above the 50% mean level. A flip would signal that the bullish momentum is in control and could hint at the upcoming price rally. Moreover, the Awesome Oscillator (AO) has also begun producing green histogram bars below the mean level, indicating a decline in bearish momentum. Both of these signals are good indications that buyers are attempting to push ETH higher, outlining investor interest and breathing hope into the incoming Golden Crossover.

Spike in Investor Interest & Network Growth Signal ETH Likely to Explode

The second key reason investors can expect explosive price action for Ethereum is the 134% increase in new addresses joining the ETH blockchain since June 22, according to Santiment data. Additionally, the number of daily active addresses has surged from 412,000 to 687,000 over the past four days, further supporting the technical outlook and the upcoming Golden Crossover.

BlackRock Buys $100M ETH, Stirring Institutional & Retail Buying Spree

As noted in a previous CoinGape article, BlackRock’s $100 million buying spree, coupled with a fakeout, suggests that the Ethereum price is poised for a quick uptick. Fidelity also saw $60M in ETF inflows, further outlining institutional interest in ETH as Bitcoin hovers around $106K.

As long as the price is inside the recently formed range, extending from $2,312 to $2,738, the chances of revisiting the range’s upper limit are high.

The first key resistance level is $2,738.
Beyond this, $3,000 is a key psychological level

Supporting the uptrend is the four-hour RSI, which is stable above the 50 mean level, signaling a strong bullish momentum. The AO is also above the mean level, clearly articulating the buying pressure.

With a clear short-term bullish outlook and 2025 Ethereum price forecasts remaining optimistic, the chances of a Golden Crossover propelling ETH higher are high.

Frequently Asked Questions (FAQs)

1. What is a Golden Cross and why does it matter for ETH?

A Golden Cross occurs when the 50-day SMA crosses above the 200-day SMA, signaling a potential long-term bullish trend reversal.

2. How high could Ethereum price go if the Golden Cross confirms?

Key targets are $2,738 and $3,000 psychological level, with potential for further upside if institutional inflows continue.

3. What’s driving Ethereum’s bullish momentum?

Potential Golden Crossover, institutional ETF inflow and retail demand are driving ETH higher.

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Akash Girimath

Senior Cryptocurrency Analyst & Market Strategist Engineer-turned-analyst Akash Girimath delivers data-driven insights on cryptocurrency markets, DeFi, and blockchain technology for platforms like AMBCrypto and FXStreet. Specializing in technical analysis, on-chain analytics, and risk management, he empowers institutional investors and retail traders to navigate market volatility and regulatory shifts. A hands-on strategist, Akash merges active crypto portfolio management with research on Web3, NFTs, and tokenomics. At AMBCrypto, he led cross-functional teams to redesign content frameworks, achieving record-breaking traffic growth through scalable editorial strategies. His analyses dissect market sentiment, investment strategies, and price predictions, blending macroeconomic trends with real-world trading expertise. Known for mentoring analysts and optimizing workflows for high-impact reporting, Akash’s work is cited across global crypto publications, reaching 500k+ monthly readers. Follow his insights on YouTube, X, and LinkedIn for cutting-edge perspectives on decentralized ecosystems and crypto innovation.

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