Ethereum ($ETH) has triggered a Golden Cross, with its 50-day SMA crossing above the 200-day SMA, indicating bullish momentum.
Historically, this pattern has led to significant price rallies, with speculation of Ethereum surpassing $5,000 in the coming months.
In a recent move, a trader known as 'ETH Band Brother' sold 12,525.4 ETH for a profit of $1.08 million, showcasing dynamic trading activity among whales.
Institutional interest in Ethereum continues to grow, with the Ethereum spot ETF recording $102 million in net inflows on December 11.