Ethereum forms a golden cross, signaling a strong bullish trend may begin soon.
ETH holds support, aims for $3,100 breakout in coming trading sessions.
ETH/BTC chart shows bullish reversal, could outperform Bitcoin over next year.
Ethereum (ETH), the second-largest cryptocurrency by market cap, has often been a slow mover compared to Bitcoin. Many in the crypto world have been frustrated with its high gas fees and regulatory challenges. But according to analysts, ETH might finally be gearing up for a big move and it could surprise everyone.
Analyst Datadash recently shared that Ethereum is his biggest crypto investment right now. The price is setting up for a strong breakout after months of slow price movement. ETH, which dropped from its all-time high of around $4,800, has managed to hold key price levels and is showing signs of strength.
Technical Analysis Points to an Imminent “Golden Cross”
One important technical signal is the “Golden Cross,” when the 50-day moving average crosses above the 200-day moving average. This usually hints at a bullish trend in the market.
Datadash explained that ETH has already reclaimed important…
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