Analyst Highlights 4 Reasons Why Ethereum Could Be About to Explode

Analysts are pointing out that Ethereum (ETH) has now gathered many important factors. These are catalysts that investors have long been waiting for to trigger a new strong price surge.

In June, these signals are becoming clearer, creating a solid foundation for short-term price expectations. So, what are these factors? Let's explore.

Why ETH might be about to have its biggest breakthrough ever

Axel Bitblaze, a famous analyst on the X platform, believes that ETH is on the verge of its biggest breakthrough ever. According to him, four main catalysts are laying the groundwork for ETH's upcoming strong growth.

One major reason Axel Bitblaze remains optimistic about ETH is BlackRock's strong accumulation. Since 05/09/2025, BlackRock has purchased 269,000 ETH—worth approximately $673.4 million—without selling a single coin. This indicates a long-term investment strategy for ETH.

Inflows to iShares Ethereum Trust (ETHA). Source: SoSoValue

Previously, BlackRock helped drive Bitcoin (BTC) price from $76,000 to $112,000, thanks to significant inflows into its ETF. Now, with similar movements happening with ETH, many analysts believe this is a strong signal that ETH may soon break out.

Additionally, the latest report from BeInCrypto notes that ETH has had its strongest inflow streak since the US election.

The second factor Axel Bitblaze emphasizes is the significant increase in Ethereum network activity. Last month, the number of transactions on the Ethereum network reached 42 million, the highest since May 2021. Simultaneously, the number of daily active addresses increased to 440,000—also the highest in six months.

Monthly Ethereum transactions. Source: Token Terminal

This reflects increased network usage, especially in areas like decentralized finance (DeFi) and stablecoin trading.

The third factor Axel points out is that the ETH/BTC ratio has dropped to a six-year low. The weekly RSI has also touched a record low, indicating that ETH is currently oversold. This often signals a potential trend reversal.

Moreover, in the past month, the ETH/BTC pair has recovered 30%, acting as an early confirmation of a potential reversal.

ETH/BTC trading pair fluctuations. Source: Axel Bitblaze

Lastly, he emphasizes institutional demand for ETH, as SharpLink Gaming recently raised nearly half a billion USD to buy ETH.

Based on these developments, Axel Bitblaze predicts that ETH could reach $9,000 by early 2026.

"By December 2025, ETH may trade around $6,000 to $6,500. The final surge will occur in Q1 2026, and ETH is likely to trade above $9,000 before reaching its peak," Axel Bitblaze said.

Beyond the catalysts Axel emphasized, the amount of ETH being staked reached a new high in June, with 4.65 million ETH currently locked, nearly 30% of the current circulating supply.

ETH staked in DeFi Protocols. Source: beaconcha.in

This increase in ETH staking has pushed the available supply on exchanges to a new low in June. With tightened supply and high institutional demand, pressure is building for a price movement upward.

Is Ethereum ready for a price surge like in 2017?

Besides Axel Bitblaze's analysis, veteran trader Merlijn The Trader compared ETH's current price cycle with the 2017 price surge. He believes ETH is currently positioned to have an even stronger breakout.

Comparison of ETH price structure in 2017 and 2025. Source: Merlijn The Trader

"ETH IS COPYING 2017… EACH BAR2017: Breakout after reclaiming 50 MA2025: Same setup. Same magnitude. Same tension. The only difference? 2025 has more momentum, more fuel… and no brakes." – Merlijn The Trader said.

At the time of writing, ETH has recovered over 50% since early May and is trading above $2,600. However, a recent analysis from BeInCrypto notes that profit-taking has begun. This could create short-term resistance for ETH in breaking above the weekly 50 MA, as Merlijn predicted.