Ethereum (ETH) is on the verge of printing a golden cross on the daily chart — a bullish signal where the 21-day moving average crosses above the 200-day moving average. Historically, this formation has triggered strong upward moves, and current price structure supports the possibility of a similar rally if key resistance is broken.
ETH has already bounced from the Point of Control (POC) and is currently consolidating just under $2,800, a major resistance level that also aligns with the Value Area High (VAH). This confluence makes it a critical breakout zone.
Key Highlights:
Golden Cross Setup: 21MA approaching a bullish crossover of 200MA
Major Resistance: $2,800 (confluence with VAH)
Support Structure: 21MA and 200MA providing bullish structure
Next Target: $4,000 if breakout is confirmed with volume
Volume remains the key missing piece — a breakout above $2,800 without volume may lead to a fakeout, but strong participation could validate the breakout and accelerate a rally toward $4,000.
Watch for price to either consolidate under $2,800 (bullish compression) or break with a volume spike. A confirmed golden cross and breakout could be the trigger for a multi-week bullish expansion, similar to previous patterns in ETH’s history.
