Ethereum (ETH) is about to break through, as its price is set to form a golden cross, a classic technical indicator signaling a significant shift in market momentum. Currently, ETH is hovering below the resistance level of $2,800, combined with key moving averages and historical performance; if trading volume picks up, ETH is likely to surge to $4,000. Market sentiment is cautiously optimistic, and bulls hope to capitalize on this emerging trend.
Key technical points
The golden cross is approaching: The 21-day moving average of ETH is nearing a bullish cross above the 200-day moving average, which is a historically bullish pattern.
The main resistance level is at $2,800: Ethereum is consolidating below $2,800, which also aligns with the high point of the value area.
Support structure: The 21-day and 200-day moving averages act as dynamic support, building bullish pressure below the key resistance level.
Crucially, the 21-day moving average is currently rising and is about to break above the 200-day moving average—a typical golden cross pattern. Historically, this pattern often precedes an acceleration in Ethereum's price and frequently triggers a sustained rally lasting several weeks. In previous cycles, the golden cross provided technical traders with a clear bullish bias, enhancing the potential for further price increases.
As the two moving averages converge, Ethereum is establishing a support structure below the resistance level, which is a technical signal of upward pressure forming.
To confirm this bullish outlook, ETH needs to decisively break above $2,800 at the daily close on strong trading volume. A weak breakout may lead to a pullback being thwarted, but a surge in volume could trigger the next rally. If confirmed, momentum may accelerate towards the $4,000 region, a key psychological and technical level. Traders should also monitor funding rates and open interest to gauge the strength behind this move.
What will the future price trend be?
If Ethereum confirms the golden cross and breaks through $2,800 on strong trading volume, it could trigger a rapid rebound, pushing towards $4,000. Continued consolidation above the resistance level would further validate the bullish structure and may signal the start of a new upward trend.