Ethereum Eyes Golden Cross as Price Targets $3,000 🟢
Ethereum (ETH) is on the brink of achieving a significant bullish technical pattern known as a golden cross, as the 50-day moving average approaches the 200-day moving average. Historically, this pattern indicates the onset of a mid- to long-term upward price trend.
Trading around $2,521, Ethereum has remained resilient despite market fluctuations. This trend is supported by its performance within an ascending channel and its position above crucial moving averages, establishing a strong, short-term support level for traders. The steady trading volume and RSI further support Ethereum's potential upward movement.
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