Bullish Ethereum price configurations strengthen as Wall Street demand swells
Ethereum's Potential Upsurge: A Look at the Bullish Scenario
After a sideways movement following a strong surge in May, Ethereum, currently trading at $2,630, shows signs of a potential comeback. This price is a whopping 90% above its 2022 low, and here's why it might continue to climb.
Wall Street investors are aggressively buying Ethereum Exchange Traded Funds (ETFs). On a single day, they recorded inflows of $56.9 million, marking the 13th consecutive day of gains. Over the last three months, this trend has remained unbroken.
Ethereum has solidified its position as the leading blockchain for real-world assets, hosting over $7.375 billion of the $23 billion RWA market. It outperforms competitors like ZKsync Era, Stellar, and Solana in this aspect.
Ethereum also dominates the stablecoin industry, boasting over $129 billion in assets. It's followed by Tron, Solana, and Arbitrum. In other areas of the RWA industry, such as tokenized treasuries and private credit, Ethereum continues to lead.
Mastercard prediction of fully tokenizing transactions in EU by 2030 further emphasizes Ethereum's significance.
Ethereum Technical Analysis
The daily chart reveals several bullish patterns that suggest Ethereum's price could rebound:
- Cup and Handle Formation: A cup and handle pattern is taking shape, with the upper boundary near $2,795, which aligns with the 50% Fibonacci retracement. This pattern implies a potential rebound if Ethereum manages to break above the handle portion.
- Golden Cross Pattern: The 50-day and 200-day weighted moving averages have crossed, forming a golden cross. Historically, this pattern has preceded a nearly 40% rally.
- Bullish Flag Chart Pattern: A bullish flag pattern, characterized by a strong vertical rally followed by a consolidation phase, indicates Ethereum's readiness for another upward surge.
Ethereum Foundation Shifts Treasury Strategy
Amid broader organizational changes, the Ethereum Foundation has revamped its treasury strategy. This strategic move is expected to further strengthen Ethereum's position in the market.
Price Predictions
According to technical analysis and growing demand from Wall Street, several predictions are floating around for Ethereum's price in June 2025. Some experts predict Ethereum could reach $3,069, with a potential range between $2,426 and $3,000.
By August 2025, Ethereum is anticipated to trade between $3000 and $3200, driven by institutional buying and DeFi utility.
In October 2025, prices are forecasted to be between $3300 and $3400, thanks to strong Q4 performance expectations and technical indicators pointing towards a breakout.
However, these predictions are subject to market volatility and the balance between buying and selling pressures.
- The bullish trend for Ethereum continues as Wall Street investors buy Ethereum Exchange Traded Funds (ETFs), with inflows of $56.9 million in a single day and over three months of consecutive gains.
- Ethereum's dominance in the blockchain sector is notable, as it hosts over $7.375 billion of the $23 billion RWA market and outperforms competitors like Solana, ZKsync Era, and Stellar.
- Ethereum's leadership extends to the stablecoin industry, where it holds over $129 billion in assets, followed by Tron, Solana, and Arbitrum.
- Mastercard's prediction of fully tokenizing transactions in the EU by 2030 highlights Ethereum's significance in the future of finance and technology.
- The Ethereum Foundation's revamped treasury strategy is expected to strengthen Ethereum's position in the market, with technical analysis and growing demand from Wall Street predicting a potential price of $3,069 by June 2025, and further growth throughout the rest of the year.
