🚨 Golden Cross Alert: Is Ethereum Poised to Break Past $3,000?

After nearly a 12% drop since last Tuesday due to consistent selling pressure, Ethereum is approaching a pivotal level. Currently hovering around $2,400, ETH is struggling to regain bullish momentum, and analysts caution that failure to hold this key support could trigger a deeper correction.

However, a Golden Cross—a bullish technical signal where the 50-period moving average crosses above the 200-period—may signal a trend reversal if bulls can defend current levels and reclaim resistance at $2,600. The coming days will be crucial in determining whether Ethereum rebounds or enters a prolonged consolidation phase.

Ethereum Volatility Spikes Amid Golden Cross Signal

Over the weekend, Ethereum surged past $2,550 before quickly dipping below $2,400. This rapid fluctuation has left investors uncertain as bearish sentiment grows. Despite being one of the stronger performers in the crypto space, ETH remains 36% below its December peak of $4,100. A sustained push above $2,800 is essential for a lasting recovery.

According to Pillow, Ethereum has confirmed a 12-hour Golden Cross, a pattern that often precedes significant upward moves. If buyers step in with conviction, this could be the catalyst needed to propel ETH beyond $3,000.

Volume remains low, and market sentiment is shaky after last week’s sharp pullback. If bulls can defend the $2,400 zone and quickly reclaim higher levels, the Golden Cross could ignite Ethereum’s next major rally.

After touching $2,670 on Sunday, ETH dropped over 10% to $2,402. The 4-hour chart indicates stabilization in the $2,390–$2,400 range—an area bulls must hold to prevent further downside. This zone also served as a previous consolidation base, offering short-term support.

On the 4H chart, the 200-period EMA sits at $2,130 and the 200 SMA at $1,991, both well below current levels and providing long-term trend support. A break below $2,390 could lead to a retracement toward the $2,200–$2,300 range.

$BTC $ETH