#MyEOSTrade Golden Cross Alert for $ETH Ethereum! Is a $3,000 target on the way? 🐂

Ethereum has been on a bit of a rollercoaster lately, dropping nearly 12% since last Tuesday and struggling to maintain support at $2,400. Experts are sounding the alarm for a possible deeper correction if this level does not hold firm. 😬

However, there is a glimmer of optimism on the horizon! ✨

Golden Cross Detected! Possible Game Changer?

Cryptocurrency analyst 'Pillows' has reported a 12-hour Golden Cross formation on the Ethereum chart. This is a historically bullish signal that occurs when the 50-period moving average crosses above the 200-period moving average! These events have often preceded significant upward price movements! Could this be the catalyst to push Ethereum beyond the coveted $3,000 mark? 🚀

The Trap: Bulls need to step up their game! Despite the Golden Cross, trading volume has decreased and market sentiment remains fragile following last week's drop.

Key Levels to Watch:

* Critical Support Zone: $2,390 - $2,400 - Bulls MUST defend this zone! A break below could lead to a retest of $2,200 - $2,300.

* Immediate Resistance: $2,550 - ETH briefly surpassed this over the weekend but was unable to maintain it.

* Key Resistance to Conquer: $2,600 - Regaining this level with conviction is crucial for the bullish narrative.

* Final Bullish Target: >$2,800 - Breaking above this could signal the start of a sustained rebound.

* Long-Term Support (4H Chart): The 200-period EMA at ~$2,130 and the 200 SMA at ~$1,991 are significantly lower, providing a long-term safety net.

The Next Few Days Are Critical!

Will the Golden Cross ignite a strong bullish recovery, pushing Ethereum beyond $3,000? Or will the weakness prevail at higher resistance levels?

What’s your opinion?