🚨 Golden Cross Alert: Is Ethereum About to Explode Past $3,000?

After days of sustained selling pressure that have dropped Ethereum by almost 12% since last Tuesday, the price is reaching a critical point. ETH is struggling to sustain bullish momentum around $2,400, and several experts warn that a larger decline might follow if bulls fail to hold this critical support zone.


Golden Cross might be a turning moment if bulls maintain present levels and retake higher resistance at $2,600. The next few days will determine if Ethereum can rebound or enter a prolonged consolidation period.

With Golden Cross Signal, Ethereum Volatility

Ethereum spiked beyond $2,550 over the weekend before plummeting below $2,400 within hours. As experts worry about losing bullish momentum and increased selling pressure, this unexpected change has raised confusion. ETH is one of the best cryptocurrency performers, although it's down 36% from its December high of $4,100. Bulls must maintain present levels and push prices over $2,800 to start a prolonged rebound.


Pillows reported that Ethereum verified a 12-hour Golden Cross, a bullish trend that happens when the 50-period moving average crosses over the 200-period. Such indications have followed huge upward swings, and Pillow thinks this one might push Ethereum above $3,000 soon.

Buyers must act decisively for that. Volume has down, and mood is fragile following last week's collapse. If bulls can protect $2,400 and rapidly retake higher resistance, the Golden Cross might start Ethereum's next leg up.

After rising to $2,670 on Sunday, Ethereum fell more than 10% to $2,402. The 4-hour chart shows ETH stabilizing above the $2,390–$2,400 zone, which bulls must hold. A previous consolidation zone may provide short-term assistance.

The 4H chart's 200-period EMA is $2,130 and the 200 SMA is $1,991, both far below the present price and providing long-term trend support. Price may retrace to $2,200–$2,300 if it breaches $2,390.

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