Ethereum Golden Cross and Price Outlook
Ethereum's native token, Ether (ETH), has recently formed a golden cross on its daily chart, a technical indicator that has historically signaled significant price rallies for the cryptocurrency. This bullish signal occurs when the 50-day simple moving average (SMA) crosses above the 200-day SMA, indicating potential upward momentum.
Historical Context of the Golden Cross
The latest golden cross appeared in early July 2025, echoing similar patterns observed in December 2023 and late 2022, both of which preceded substantial price increases. For instance, the December 2023 golden cross led to a remarkable 105% surge, propelling ETH from approximately $2,000 to over $4,100 within four months. A smaller golden cross in late 2024 resulted in a 17% rally, although this was short-lived due to macroeconomic pressures.
Current Technical Setup
In addition to the golden cross, Ethereum is exhibiting a bull flag pattern, which has developed following a sharp rebound from its May lows. This pattern indicates a period of consolidation between parallel trendlines, suggesting a potential continuation of the upward trend. Currently, ETH is trading near the upper boundary of this flag, and a confirmed breakout could target a price of around $3,314, based on the height of the flagpole.
Record Accumulation and Investor Confidence
Investor confidence in Ethereum is underscored by record accumulation. As of June 2025, accumulation addresses—wallets with minimal outflows not associated with centralized exchanges—have amassed a total of 22.75 million ETH, marking an all-time high. In June alone, these addresses added 6.01 million ETH, with an average acquisition cost of approximately $2,114, placing them in over 21% unrealized profit as ETH trades near $2,550.
This accumulation is indicative of long-term investors, institutional players, and ETF custodians, reflecting a growing confidence in Ethereum's medium- to long-term prospects despite the current sideways price action. Additionally, the total amount of ETH staked via platforms like Lido and Binance Staking has reached a new high of 35.56 million ETH, further reducing the liquid supply available for trading and potentially amplifying upward price movements when demand increases.
Conclusion
The combination of the golden cross, the bull flag pattern, and record accumulation suggests a bullish outlook for Ethereum in the near term. Investors are closely watching for a breakout that could lead to significant price gains, reinforcing the positive sentiment surrounding the cryptocurrency.