Ethereum’s Bullish Surge: Golden Cross Signals Potential Breakout to $4,015
Ethereum (ETH) is showing strong signs of a significant price breakout, currently trading NEAR $2,612 after a notable 6% gain on July 10, 2025. The daily chart reveals a bullish flag pattern, indicating potential upward momentum with a projected target of $4,015—a level that nearly matches the 2024 highs. Adding to the optimism, the golden cross formation has been confirmed, where the 50-day EMA surpasses the 200-day EMA. This technical signal is historically associated with strengthening long-term upward trends, reinforcing the bullish outlook for Ethereum. Investors and traders are closely monitoring these developments, as the combination of technical indicators and market sentiment suggests a promising trajectory for ETH in the coming weeks.
Ethereum Price Breakout Looms as Golden Cross Confirms
Ethereum (ETH) is poised for a significant breakout, trading near $2,612 after a 6% gain on July 10. A bullish flag pattern on the daily chart suggests potential upward momentum, with a projected target of $4,015—nearly matching 2024 highs.
The golden cross formation, where the 50-day EMA surpasses the 200-day EMA, reinforces the bullish outlook. This technical signal historically indicates strengthening long-term upward trends. Market watchers are eyeing ETH's consolidation phase as a precursor to renewed gains.
Ethereum Foundation Executes Strategic $3.5 Million ETH Sale via Uniswap
The ethereum Foundation sold 1,210 ETH for $3.5 million in USDC at an average price of $2,889.50 per token, leveraging Uniswap V4 for the transaction. This follows the consolidation of 21,000 ETH into a multisig wallet over the past month, with 7,000 ETH subsequently redistributed—including today's sale from a secondary address.
Lookonchain data reveals the transaction unfolded over six hours, providing real-time transparency into the Foundation's treasury operations. These movements reflect a disciplined approach to asset management rather than market speculation. Proceeds are likely earmarked for development grants and ecosystem initiatives, aligning with the Foundation's neutral stance on staking or DeFi deployment.
The measured sell-off demonstrates institutional-grade treasury management—converting assets for operational needs without disrupting market stability. Ethereum's price held steady post-transaction, underscoring the Foundation's calibrated execution strategy.
Ethereum Surges Past $3,000 Amid Foundation's Strategic ETH Transfers
Ethereum breached the $3,000 threshold on July 11, marking its highest valuation since February, as the Ethereum Foundation executed significant token movements. The foundation transferred 21,000 ETH, worth approximately $62.8 million, to an internal Gnosis Safe Proxy address over two months, signaling potential strategic repositioning.
The rally saw ETH peak at $3,019 before stabilizing near $2,990, reflecting a 6.6% daily gain and a 22% two-week surge. Trading volume spiked 62.9%, underscoring renewed institutional interest. Market observers attribute the momentum to accumulating bullish sentiment and foundational activity.
Tornado Cash Co-Founder Seeks Trial Delay Over Controversial Witness Testimony
Roman Storm, co-founder of the privacy protocol Tornado Cash, may delay his trial following a disputed last-minute witness introduction by prosecutors. The defense argues the surprise testimony—from an alleged hacker who laundered funds through the platform—could unfairly prejudice the jury and requires additional preparation time.
Prosecutors missed the court's deadline to disclose the witness, described as a user who may attempt to LINK Storm to illicit activities. The defense contends this violates due process, potentially forcing an adjournment if the court permits the testimony. Storm faces charges including operating an unlicensed money-transmitting business.
The case underscores growing legal scrutiny of cryptocurrency privacy tools. Tornado Cash, an Ethereum-based mixer, has been sanctioned by U.S. authorities for allegedly enabling money laundering—a claim developers dispute by citing the protocol's decentralized nature.
Ethereum (ETH) Price Surges as Bullish Momentum Builds: What’s Next?
Ethereum rallied 6.72% in 24 hours to $2,980.57, fueled by accelerating bullish momentum and strong trading volume. The asset now approaches a critical resistance level at $3,029.55, with technical indicators suggesting potential for further upside.
Layer-2 adoption surges as institutional investors return to ETH accumulation. Regulatory clarity around Ethereum's commodity classification adds tailwinds. Market sentiment turns decisively positive after weeks of sideways action.
Traders watch the $3,029.55 level closely—a breakout could trigger accelerated buying. The move comes amid broader cryptocurrency market recovery, with ETH leading altcoin gains.
Ethereum Surges Past $3K, Liquidating $258M in Shorts Amid ETF Inflow Boom
Ethereum breached the $3,000 threshold Friday for the first time since February 2025, marking an 8.8% daily surge. The rally follows a record $383.1 million single-day inflow into U.S. Ethereum ETFs, according to Farside data. Over $258 million worth of short positions were liquidated during the ascent, per CoinGlass metrics.
The cryptocurrency remains 38% below its November 2021 all-time high of $4,878, but the MOVE reverses earlier bearish sentiment. Prediction markets had previously assigned 50% odds of ETH dropping to $2,000 before reaching $3,000 when trading near $2,500 earlier this month. Those probabilities shifted dramatically this week, reaching certainty by Friday morning.
Institutional interest appears robust - SharpLink Gaming disclosed a 205,634 ETH treasury position now valued at $618 million after recent acquisitions. The buying pressure coincides with Ethereum's breakout from a prolonged consolidation phase, suggesting renewed institutional confidence in the asset's valuation.
