Ethereum nears a golden cross after rebounding from March lows, potentially signaling a powerful trend reversal above $2,400.
ETH/BTC pair forms higher lows, with strong support at 0.022 and rising volume suggesting possible breakout toward the 0.03 level.
Consolidation between $2,400 and $2,800 reflects cautious optimism as Ethereum eyes recovery from a 13% decline since early 2025.
Ethereum may be on the brink of a powerful rally, driven by a potential golden cross formation next week. Crypto analyst Ash Crypto reports that Ethereum typically rallies faster than Bitcoin after this setup. The last golden cross resulted in a 35% price increase within just three weeks. Currently, Ethereum trades at $3,938.49, having corrected by 13.06% from its recent peak of $4,071.64. This decline shows a volatile period between December 2024 and July 2025.
Source: Ash Crypto
The EMA-50 crosses below the EMA-200 on Ethereum's technical chart, continuing the bearish trend. Recent price behavior, however, points to a possible turnaround. In March, steep drops caused Ethereum to fall below $2,000. The price later stabilized between $2,400 to $2,800 in April and May. These levels formed a base, attracting new buying interest and higher volume. Presently, Ethereum holds near the EMA-50, which hovers around $2,400. Besides, mixed candlestick formations indicate ongoing market indecision.
EMA Signals and Resistance Levels
Moreover, technical indicators show resistance levels forming between $2,800 and $3,000. These zones previously triggered heavy selling. On the other hand, considerable historical buying activity surfaced at support levels close to $2,200. Even with the current consolidation, Ethereum is still recovering from its peak in early 2025. But, if price strength holds around the $2,400 region, the next golden cross might signal a trend reversal.
Additionally, the ETH/BTC trading pair offers further insight into market momentum. Crypto analyst Michaël van de Poppe notes Ethereum has printed higher lows, hinting at a potential upside breakout. The ETH/BTC pair currently trades at 0.04266, down slightly, yet far above its recent lows near 0.01600.
Ethereum/Bitcoin Pair Consolidation Continues
The pair rallied from historic lows, reaching 0.02000, and found support near 0.02200. Resistance persists near 0.02600, where multiple rejections occurred. Trading volumes increased during major price shifts, showing clear market interest. However, current sentiment remains cautious. If support at 0.02200 holds, the pair could surge towards 0.03000 in coming weeks. Conversely, loss of trend may trigger a liquidity hunt near entry zones.
Source: Michael Van de Poppe
Consequently, Ethereum's performance against Bitcoin and its USD pair both indicate tightening consolidation. The market now watches closely for confirmation of the golden cross, which may ignite Ethereum's next major move.
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