Ethereum Price Prediction: ETH Gains 4% This Week, Yet Golden Cross Flops – Is $3,000 Out of Reach?

Key Points

1. Ethereum ETFs recorded $148.57 million in net inflows in a single day, with an 8-week total nearing $2 billion, indicating growing market confidence.

2. Public companies like SharpLink Gaming and BitMine are increasing their Ethereum holdings, and Robinhood launched tokenized stocks on Ethereum's Arbitrum Layer 2.

3. 80% of ETH call options for July expiry target prices above $3,000, with 30% aiming past $3,500, reflecting bullish sentiment.

4. Technical analysis shows a potential 'death cross' on the weekly chart, which historically triggers declines of up to 35%, threatening the $1,750 support level.

5. Over $56.8 million in long liquidations occurred in 24 hours, and RSI/Stochastic Oscillator signals indicate weakening momentum.