Ethereum forms a golden cross, indicating that a strong upward trend may begin soon.
ETH holds support and aims to break the $3,100 level in the upcoming trading sessions.
The ETH/BTC pair chart shows a bullish reversal and may outperform Bitcoin over the next year.
Ethereum (ETH), the second-largest cryptocurrency by market cap, has been slow-moving compared to Bitcoin. Many in the crypto world have felt frustrated by high gas fees and regulatory challenges. However, according to analysts, Ethereum may finally be gearing up for a significant breakout that could surprise everyone.
Analyst Datadash recently stated that Ethereum is his largest investment in cryptocurrencies currently. The price is preparing for a strong breakout after months of price stagnation. Ethereum, which has dropped from its all-time high of around $4,800, has maintained key price levels and shows signs of strength.
Technical analysis indicates an imminent "golden cross".
One of the important technical signals is the "golden cross," when the 50-day moving average crosses above the 200-day moving average. This typically indicates an upward trend in the market.
Datadash explained that ETH has already regained significance...
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