Ethereum Flashes Golden Cross On Daily Chart – Is A New ATH Within Reach? 📈
Ethereum (ETH) has flashed a bullish golden cross on its daily chart, suggesting potential momentum toward a new all-time high (ATH). Crypto analyst Titan of Crypto highlighted this signal, which has sparked optimistic forecasts among analysts.
A golden cross occurs when a short-term moving average (MA) surpasses a long-term MA, indicating upward trends. Analyst Ali Martinez noted ETH's recent resistance break, predicting a potential rise to $2,920. Similarly, Ted Pillows suggested a possible $4,000 reach.
Multiple indicators, such as the hidden bullish divergence and Wyckoff Accumulation pattern, support further upside. Ethereum's funding rates remain neutral, hinting at more growth potential, with ETH projected to rise above $3,500. At present, ETH trades at $2,740, marking a 6.8% increase in 24 hours.
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