#Ethereum
๐๐๐ก๐ก ๐๐ฉ๐๐๐ง๐๐ช๐ข ๐๐ง๐๐๐ ๐๐๐ก๐ก๐ฎ ๐ผ๐ฃ๐ค๐ฉ๐๐๐ง 35% ๐ผ๐จ ๐๐ค๐ก๐๐๐ฃ ๐พ๐ง๐ค๐จ๐จ ๐ผ๐ฅ๐ฅ๐ง๐ค๐๐๐๐๐จ?
Ethereum (ETH) is still trading within a six-week consolidation range as retail traders look to cash out despite ongoing accumulation by large addresses. At press time, Ethereum price was trading at $2,557 with a 2.3% decline in 24 hours. Meanwhile, a 35% rally for ETH price may be imminent as the largest altcoin approaches a golden crossover.
Ethereum price is almost forming a golden cross on the daily chart, as the 50-day EMA records a steady rise due to a building bullish momentum among whales and short-term holders. This lower moving average is tipping upwards, and it is now inching closer to the 200-day EMA level, which will signal the formation of a golden cross indicator.
The last time that ETH price formed a golden cross was in November 2024, and shortly after this bullish signal emerged, Ethereum shot up by 35% within a few days. At the time, the price increased from $3,000 to $4,000 within weeks, and a repeat of this trend could kickstart the much-needed breakout from the current consolidation zone.
If history repeats itself and ETH records the same rally, the price may break out higher and potentially reach $3,454 in the near term. Getting to this point will mark the highest price for the largest altcoin since January 2025
๐ฅ๐ก๐๐๐จ๐ ๐๐ค๐ก๐ก๐ค๐ฌ ๐ข๐ฎ ๐ฅ๐ค๐จ๐ฉ , ๐ก๐๐ ๐ ๐๐ฃ๐ ๐จ๐๐๐ง๐ ๐๐ค๐ง ๐ข๐ค๐ง๐ ๐จ๐ช๐๐ ๐ช๐ฅ๐๐๐ฉ๐๐จ ๐๐ฃ๐ฉ๐ค ๐๐ง๐ฎ๐ฅ๐ฉ๐ค ๐ฌorld๐๐๐๐โคโคโคโค๐๐๐๐
