10-7-2025 – Ethereum surged higher today as technical indicators signal potential breakout momentum, with the cryptocurrency forming a bullish flag pattern that targets $4,015 alongside an emerging golden cross formation.
The world’s second-largest cryptocurrency has consolidated near recent highs after climbing from $1,390 to $2,873 over recent weeks. Technical analysis shows ETH approaching a golden cross, where the 50-day moving average crosses above the 200-day moving average, typically signaling sustained upward momentum. The bullish flag pattern, characterized by a sharp rally followed by sideways consolidation, suggests the same $4,015 price target based on measuring the initial flagpole height.
Trump’s proposed blue-chip crypto ETF has added fuel to the rally, with Ethereum and Bitcoin comprising 80% of the planned fund’s allocation. Spot Ethereum ETFs have recorded nine consecutive weeks of inflows, the longest streak on record, bringing total assets under management to over $11 billion with cumulative inflows exceeding $4.5 billion. Open interest in Ethereum futures has surged to $37 billion, the highest level since June 13.
Traders will watch for a decisive break above current resistance levels or a drop below the critical $2,125 support that could invalidate the bullish setup.
