{"id":2166,"date":"2025-06-05T14:22:48","date_gmt":"2025-06-05T14:22:48","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ethereum-price-forms-bullish-setups-as-wall-street-demand-gains-steam\/"},"modified":"2025-06-05T14:22:48","modified_gmt":"2025-06-05T14:22:48","slug":"ethereum-price-forms-bullish-setups-as-wall-street-demand-gains-steam","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ethereum-price-forms-bullish-setups-as-wall-street-demand-gains-steam\/","title":{"rendered":"Ethereum price forms bullish setups as Wall Street demand gains steam"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Ethereum price has moved sideways after its strong surge in the first half of May, but several bullish patterns and growing Wall Street demand point to a potential comeback.<\/p>\n<p>Ethereum (ETH) was trading at $2,630 on Thursday, within a range that has held for over a month. This price is approximately 90% above its lowest point this year.<\/p>\n<p>Data shows that Wall Street investors are buying spot Ethereum ETFs. They had <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/sosovalue.com\/assets\/etf\/us-eth-spot\" target=\"_blank\">inflows of $56.9 million<\/a> on Wednesday, the 13th day of consecutive gains. These funds have also had inflows in the last three consecutive months.<\/p>\n<p>Ethereum continues to show strong fundamentals. It has become the leading blockchain for real-world assets. Current data shows Ethereum hosts over $7.375 billion of the $23 billion RWA market, ahead of ZKsync Era, Stellar, and Solana.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Ethereum is also the biggest player in the stablecoin industry, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/app.rwa.xyz\/stablecoins\" target=\"_blank\">holding<\/a> over $129 billion in assets. It is followed by Tron, Solana, and Arbitrum. <span style=\"margin: 0px;padding: 0px\">The same is true in other areas of the RWA industry, like tokenized treasuries and\u00a0private credit.<\/span><\/p>\n<p>Ethereum also leads the decentralized finance industry, with over $133 billion in total value locked. Its 62% market dominance significantly exceeds that of competing chains like Solana and Tron.<\/p>\n<h2 class=\"wp-block-heading\">Ethereum price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><picture loading=\"lazy\" decoding=\"async\" class=\"wp-image-14386230\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">ETH price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily chart shows that ETH has formed several bullish patterns, suggesting an eventual rebound.<\/p>\n<p>One of the key patterns is a cup and handle formation, with the upper boundary near $2,795, a level that aligns with the 50% Fibonacci retracement. The cup has a depth of about 50% and is now forming the handle portion.<\/p>\n<p>Ethereum has also formed a golden cross pattern, as the 50-day and 200-day weighted moving averages have crossed. The last time ETH formed a golden cross was in November 2024, after which it rallied nearly 40%.<\/p>\n<p>Additionally, ETH has formed a bullish flag chart pattern. This consists of a strong vertical rally, followed by a consolidation phase in the shape of a rectangle, resembling a flag being hoisted.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price has moved sideways after its strong surge in the first half of May, but several bullish patterns and growing Wall Street demand point to a potential comeback. Ethereum&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=2166"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2166\/revisions"}],"predecessor-version":[{"id":2168,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2166\/revisions\/2168"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2167"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=2166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=2166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=2166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}