Ethereum Weekly Ichimoku Golden Cross and Whale Accumulation Suggest Potential Upside Toward $3,100

Key Points

1. Ethereum (ETH) has confirmed a weekly Ichimoku Golden Cross, a strong bullish signal often preceding sustained upward price movement, with ETH currently trading around $2,631.

2. Mega whales have increased their ETH holdings by 9.31% since October 2024, now controlling over 41 million ETH, historically preceding significant price rallies.

3. Ethereum ETFs saw $1.17 billion in net inflows in June 2025, reflecting growing institutional conviction, with further acceleration expected in the second half of the year.

4. The $2,500–$2,536 price range is a critical support zone, with over 3.45 million ETH held at this cost basis, reinforcing upward momentum.

5. Technical patterns, including the Ichimoku Golden Cross and whale accumulation, suggest Ethereum could target new highs in the $3,100 to $3,834 range.