Ethereum has a strong bullish setup 📈
The Tenkan-sen (Conversion Line) has crossed above the Kijun-sen (Base Line), forming a classic Ichimoku Golden Cross — a technical signal that often precedes major trend reversals when it appears on higher timeframes. The last time this setup occurred in Q4 2024, ETH rallied over 30% within three weeks 🔼
At the same time, the weekly RSI has broken out of a 12-month downtrend, confirming growing buying pressure. ETH is consolidating above $2,600, holding $2,500 as strong structural support. This area also aligns with on-chain data showing heavy investor interest. With momentum building and technicals aligning, Ethereum looks poised for a move toward the $3,100 level 👀
Ethereum has disappointed everyone this year, trading poorly relative to Bitcoin. I think that in the coming months, ETH bulls will have a chance to experience at least some bull market ↗️$ETH