Ethereum's price action has formed a consolidation pattern between $2,500-$2,540 with decreasing volume suggesting accumulation rather than distribution. The cryptocurrency remains trapped below the critical $2,800 resistance level that has acted as a barrier several times in recent weeks, with traders closely watching for a breakout that could trigger renewed momentum toward $3,000. Meanwhile, staking activity has reached record levels with over 35 million ETH now locked, potentially reducing circulating supply as geopolitical uncertainties continue to inject volatility across financial markets.Technical analysts note that Ethereum may be approaching a potential ‘golden cross’—a bullish signal that occurs when the 50-day moving average rises above the 200-day—an indicator that has historically preceded significant upward trends
source: https://www.coindesk.com/markets/2025/06/18/ethereum-defends-25k-as-traders-eye-looming-golden-cross-signal