Analyst expects Ethereum golden cross formation to print by next week.
This move could push the price of ETH to $3,500 bull target.
Last time this pattern was printed, the price of ETH pumped 35% in under three weeks.
As the price of Bitcoin (BTC) continues to hold a steady price despite the many challenges around global events that have unexpectedly caused price dips. This has led to a sharper focus on pump expectations for Bitcoin as well as the pioneer altcoin Ethereum (ETH). One analyst expects Ethereum golden cross formation to form on the ETH price chart by next week, hinting at a major pump event for ETH in the coming days ahead.
Analyst Expects Ethereum Golden Cross Formation
The crypto market has been steadily waiting for bullish signs for altcoins to result in strong price actions. Since before the ongoing bull cycle even began, several altcoins, including Ethereum, were identified to have been printing multiple bullish signals across their respective price charts. However, most of these altcoins have yet to pull off the major pump that was initially promised.
For instance, in the early stages of this ongoing bull cycle, the price of ETH was one of the lowest-performing altcoins. While Bitcoin went on to set a string of new ATH and even entering the 6-digit price range, the price of ETH failed to reclaim its own previous ATH price, in fact, it looked like it was barely pumping, leading a few traders to believe that the time for ETH to pump has long since been lost.
In response, several analysts said that ETH will eventually pump as there cannot be an altseason unless ETH pumps. Thus, with ETH set to lead the altseason, only a few altcoins have gone on to set new ATHs of their own so far, including ONDO, SUI, and FET. Meanwhile, legacy altcoins, much like ETH, continued to show strong bullish indicators on their price chart but haven’t begun to pump yet.
ETH Set to Hit New Targets
Once Bitcoin finished its prolonged correction in Q1 of 2025, ETH set its bottom and finally began to pump. The asset is now working its way to reclaim its previous ATH target in the $4,800 price range. Soon after, analysts expect the price of BTC to hit much higher ATH prices in the coming months ahead. Presently, one analyst notices a highly bullish indicator about to be printed on the ETH price chart.
https://twitter.com/Ashcryptoreal/status/1934186603749982230
As we can see from the post above, the ETH price chart is preparing to complete the highly anticipated and incredibly bullish indicator of an ETH golden cross pattern, which the analyst expects to be completed by next week. The post also highlights how the last time this happened, ETH began to pump immediately, and by exactly 35% in under three weeks, setting the next ETH bull target at $35,000 soon.
