Ethereum (ETH) is up 4.2% over the past seven days, trading in the mid-$2,500 range at the time of writing. Although the digital asset remains down 19% on a year-over-year (YoY) basis, some analysts are optimistic that it’s ready for a liftoff. Ethereum Enters Wyckoff ‘Liftoff’ Phase In an X post published today, crypto trader Merlijn The Trader noted that Ethereum appears to be following the Wyckoff Accumulation pattern and has successfully cleared both the ‘creek’ and ‘spring’ phases, potentially entering the ‘liftoff’ phase characterized by parabolic price action. In the Wyckoff accumulation pattern, the ‘creek’ represents overhead resistance where price struggles to break higher, while the ‘spring’ is a false breakdown below support, meant to trap bears and confirm strong hands. The ‘liftoff’ phase follows the spring, marked by a sharp recovery and breakout above resistance, signaling the start of a new bullish trend. The analyst shared the following Ethereum daily chart, which shows the cryptocurrency on the verge of a potential breakout, with its next major resistance at the $3,700 level. A successful breakout and retest of this level could set the stage for a new all-time high (ATH). Fellow crypto analyst Crypto GEMs also pointed toward Ethereum getting ready for a significant move to the upside. The analyst shared the following chart which compares ETH’s price action in 2025 to that in 2024. If Ethereum mirrors its 2024 performance, it could break above the $3,000 mark in the near term. However, not all analysts share this bullish outlook. For instance, noted crypto analyst Carl Moon shared a four-hour Ethereum chart showing the asset trading within a rising wedge pattern. He cautioned that unless ETH breaks out of this formation, it may face a drop to $2,200. To explain, a rising wedge pattern is a bearish chart formation where price moves upward within converging trendlines, indicating weakening bullish momentum. It often signals an upcoming breakdown, as buyers lose control and sellers push the price lower after the wedge is breached. ETH Network Sees Renewed Activity In a separate X post, crypto analyst CryptoGoos remarked that daily transactions on Ethereum are nearing ATH level for the first time since 2021. Typically, heightened network activity tends to precede major price movements. Analyst Crypto Rover echoed this view, noting that active addresses across the Ethereum network have hit a new all-time high. They added that ETH below $3,000 is “an absolute steal.” Meanwhile, Ethereum liquid staking is also inching toward historic levels, with 35.5 million ETH now locked. At press time, ETH trades at $2,522, down 3.8% in the past 24 hours.

Ethereum (ETH) is up more than 8% over the past 48 hours, climbing from around $2,400 on July 1 to nearly $2,600 at the time of writing. The latest on-chain analysis reveals that both accumulation addresses and liquid staking volume are approaching all-time highs (ATH), fueling optimism that ETH’s price may soon follow. Ethereum Liquid Staking, Accumulation Addresses Nearing Historic Highs According to a recent CryptoQuant Quicktake post by contributor Carmelo_Aleman, Ethereum’s liquid staking activity has seen a notable increase since June 1. The total amount of ETH staked rose from 34.54 million to 35.52 million by June 30 – an increase of nearly one million ETH in just one month. As of July 1, ETH set a new record in liquid staking, reaching 35.56 million ETH. A closer look suggests that most accumulation addresses are linked to institutional investors, exchange-traded funds (ETFs), and other large holders. Many of these investors choose to earn yield through liquid staking while waiting for substantial price appreciation. Among the biggest beneficiaries of this trend are decentralized finance (DeFi) protocols like Lido and Binance Liquid Staking, known for their scale and investor-friendly features. In addition to the rise in liquid staking, ETH accumulation addresses are also nearing record highs. As shown in the following ETH Cohort Study chart, these addresses grew 35.97% – from 16.72 million on June 1 to 22.74 million by June 30. For the uninitiated, Ethereum accumulation addresses are wallets that acquire and hold ETH without significant outgoing transactions, often excluding known exchange, miner, or smart contract addresses. These addresses typically signal long-term investor confidence, as they represent entities accumulating ETH without actively selling.  Also worth highlighting is that the Realized Price of these accumulation addresses – their average acquisition cost – stood at $2,114 on July 1. As ETH trades at $2,593 at the time of writing, these accumulation addresses are sitting on a healthy profit of approximately 22.65%. ETH Primed For A Breakout? Technical analysis suggests that ETH could be poised for a breakout in the near term. In a recent post, crypto analyst Titan of Crypto pointed out that ETH appears ready to break out of a broadening wedge pattern on the weekly chart, with a potential upside target of $4,200. Institutional interest in Ethereum also appears to be strengthening. Notably, ETH may have found its own “MicroStrategy moment,” with Tom Lee and Joe Lubin revealing plans to accumulate significant ETH positions. That said, ETH must maintain support above the $2,200 level. A breakdown below this threshold could open the door for a drop to as low as $1,160. At press time, ETH is trading at $2,593, up 1.7% in the past 24 hours.

Ethereum has stayed under the radar as Bitcoin grabs headlines. But new data shows long‑term holders have quietly built up a huge stash of ETH. This might set the stage for a big move when markets heat up. According to on‑chain trackers, close to 30 million ETH is now sitting in wallets that have never spent a single coin. These so‑called accumulation addresses only take in Ethereum and don’t send any out. That’s an all‑time high for this group of holders. They’ve piled in even though Ether is trading far below its peak. Many of these investors seem to believe a rally is coming. $ETH on-chain activity is spiking. The sleeping giant is about to wake up! pic.twitter.com/1Pq6L0g5hH — Crypto Rover (@rovercrc) June 28, 2025 Rising Hoards Signal Confidence The pace of ETH going into cold wallets has shot up sharply over the past few months. It’s a bigger build‑up than in past cycles. If history is any guide, that sort of move usually precedes a price surge. Long‑term holders often buy early and hold tight before a big run. This kind of confidence from big players can spark wider interest. Network Traffic Hits Peak Based on reports, daily transactions on Ethereum just topped 1,500,000. That’s the most since early 2023. A rise in on‑chain transfers often points to more users, more apps and more trading. When people send coins or use smart contracts, they fuel network fees and show real demand. High activity can pull in more traders looking to catch the next wave. Technical Barriers Remain ETH is trading near $2,460 and it hasn’t cleared two key hurdles yet. The 50‑day moving average sits just above price, as does the 200‑day line. Those are tough barriers for any asset. Momentum tools aren’t screaming “buy” yet, either. The RSI sits around 49 and the MACD has flattened out after a stretch of weak readings. On‑balance volume is low, which means big buyers are still cautious. What Comes Next For ETH? Even with strong on‑chain signs, price needs to break past $2,600 before bulls can charge ahead. If Ethereum can push through that level, the road to $3,000 would look clear. Traders will watch for volume spikes and a steady move above those moving averages. If it fails, the big holders could be stuck on the sidelines, holding bags that lose value. Featured image from Unsplash, chart from TradingView

Ethereum (ETH) has recorded strong gains over the past two weeks, rising from $2,111 on June 12 to $2,515 on June 25, reigniting hopes for a sustained bullish rally that could push the digital asset beyond the crucial $3,000 level. Ethereum Rally Marked By Shift In Dynamics According to a recent CryptoQuant Quicktake post by contributor Amr Taha, Ethereum’s latest rally has been accompanied by a notable shift in market dynamics – including a flip to positive funding rates, a potential short squeeze, and a rise in ETH inflows to Binance crypto exchange. Recent data from Binance reveals a significant shift in ETH funding rates from negative to positive. Positive funding rates typically indicate that traders are opening or holding leveraged long positions, reflecting expectations of further upside. However, rising funding rates may also raise the risk of a short-term price pullback if long positions become overextended. Data from CoinGlass shows that 68.15% of liquidations over the past 24 hours were long positions – highlighting this risk. Taha also emphasized the role of a short squeeze in Ethereum’s recent price surge and the increase in funding rates. As ETH’s price climbed, it retested the previous short-squeeze zone around $2,500. He explained: In that earlier event, short positions were forcibly closed by initiating aggressive market buy orders to cover their exposure, triggering a cascading effect known as a short squeeze. This dynamic occurs when traders who had bet against ETH (shorts) are forced to close their positions by aggressively buying back the asset to limit losses. Meanwhile, ETH inflows to Binance have also spiked. On-chain exchange data suggests that 177,000 ETH was deposited into Binance over a three-day period – an unusually high volume. Such a surge typically signals increased selling pressure or large-scale repositioning by major holders. Large transfers of ETH to exchanges often precede either potential sell-offs or liquidity provisioning. In conclusion, Taha noted that while a short-term correction may be likely, ETH’s breakout above $2,500 underscores the aggressive speculative activity driving its recent price action. Traders are advised to closely monitor funding rates and exchange flows for signs of an impending retracement. ETH Bulls Take The Charge Recent technical analysis suggests ETH may be gearing up for a breakout above the $2,800 resistance level. The asset also recently formed a golden cross on the daily chart, fuelling speculation that a new all-time high (ATH) could be within reach. That said, ETH is not entirely in the clear. Technical analyst Crypto Wave recently predicted that the cryptocurrency may revisit lower levels in the $1,700 to $1,950 range. At press time, ETH trades at $2,429, down 0.4% over the past 24 hours.

Reeve Collins and Chinh Chu are lining up to raise as much as $1 billion through a SPAC to build a big crypto fund. According to a Bloomberg report, they’ve bought sponsor stakes in M3-Brigade Acquisition V Corp. The money would flow into a mix of Bitcoin, Ethereum and Solana. Investors will be watching every step closely. Background On The Sponsors Reeve Collins helped start Tether and led that company from 2013 to 2015. Chinh Chu spent years as a top dealmaker at Blackstone before she left in 2015. Based on reports, each has a sponsor interest in M3-Brigade Acquisition V Corp. That gives them a direct say in how the SPAC moves forward. So, $mbav. On ssr after today. Like the setup. Tether co-founder hype. Will buy the panican shares. Also, Mohsin Meghji is an extremely smart cookie IYKYK. Tbh. The whole board is super solid. Unique for a spac. https://t.co/aazIvjFNeI — TheForestnottheTrees (@richtrades100) June 25, 2025 Structure Of The SPAC Deal M3-Brigade Acquisition V Corp is already listed on a US exchange. Collins, a Tether Co-founder, and Chu, former Blackstone executive, are working with Cantor Fitzgerald LP as adviser. They hope to merge the SPAC with a newly formed fund. The goal is to turn public capital into crypto assets. The plan could change before it closes, though. The $1 billion target is what they’re talking about for now. Portfolio Mix And Goals The fund would hold at least three assets: Bitcoin, Ethereum and Solana. Based on reports, they’re looking to spread risk by picking more than one token. That stands in contrast to a recent effort by hedge fund executives who want $100 million for a BNB-only treasury. Industry Implications And Next Steps Institutional interest in crypto treasuries has picked up over the past year. Several public companies have already added Bitcoin to their balance sheets. This new move could push more firms to consider digital tokens. Cantor Fitzgerald’s role suggests the sponsors want to follow clear rules on how money flows. Investors will want updates on timing, fees and how assets are valued. Regulators are still watching SPAC deals closely. Any big change in plan could draw extra questions. Based on reports, Collins and Chu haven’t set a firm deadline for closing. The SPAC could hunt for other targets tied to crypto or blockchain if this fund plan shifts. This effort feels like a next step in bringing crypto into the mainstream of big investors. If it succeeds, a $1 billion digital asset treasury could become a new benchmark. Featured image from Unsplash, chart from TradingView