🚨 Golden Cross Alert: Is Ethereum Set to Break Above $3,000?

Ethereum has faced nearly 12% downward pressure since last Tuesday, currently teetering around $2,400—a crucial support zone. The bulls are under pressure as ETH struggles to maintain upward momentum. Analysts warn: failure to hold current levels could trigger a deeper correction.

But there’s a potential game-changer: a Golden Cross just printed on the 12-hour chart—a bullish signal triggered when the 50-period moving average crosses above the 200-period. Historically, this has preceded significant upside moves.

Volatility Surges, Sentiment Wavers

Over the weekend, ETH spiked past $2,550 before plunging below $2,400, shaking market confidence. Despite the recent dip, Ethereum remains one of the year’s top performers—though it’s still down 36% from its $4,100 high in December.

To confirm a breakout, bulls must defend $2,400 and push past $2,600 resistance. A move above $2,800 could ignite a fresh rally toward the $3,000 mark and beyond.

Technical Levels to Watch:

• Immediate Support: $2,390–$2,400

• Short-Term Resistance: $2,600

• Breakout Target: $2,800+

• Long-Term EMAs: 200 EMA (4H) at $2,130, 200 SMA at $1,991—still well below current price and acting as trend anchors.

If bulls lose grip on $2,390, price may retrace toward $2,200–$2,300. But with the Golden Cross in play, momentum could shift fast. Watch the next 48 hours closely.

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