As the golden cross approaches, will Ethereum's price rise another 35%?

With the golden cross nearing, how much longer can Ethereum hold on?

Ethereum has been consolidating for a full six weeks now. The price has been fluctuating between $2,400 and $2,700, with the main players not in a hurry, while retail investors are getting anxious.

Today it dropped another 2.3%, currently quoted at $2,557, but key technical signals are quietly approaching.

On the daily chart, ETH is nearing the "golden cross" point — the 50-day moving average is steadily rising and is about to cross above the 200-day moving average.

The last time a similar structure appeared was in November 2024, after which ETH surged directly from $3,000 to $4,000, with a short-term increase of up to 35%.

This is not superstition; it's an old acquaintance in the trading system: a technical trader's emotional trigger.

Whales have clearly noticed this; on-chain data shows that institutional-level large holders are continuously increasing their positions, and Glassnode even pointed out that whale activity has returned to 2017 highs.

Meanwhile, the trend on trading platforms is also very clear: on Binance, the long position percentage for ETH has surged to 66%, and large holders are still holding onto millions of dollars in long positions on Hyperliquid.

The only obstacle is the RSI — currently at 51, indicating weak buying strength, suggesting that funds have not fully aligned. However, if the RSI breaks upward and the golden cross is confirmed, this rebound could ignite at any moment.

What the market fears most is not a decline, but uncertainty in direction.

Ethereum is currently at a critical point of resonance between technical analysis, fundamentals, and market sentiment.

Once a breakout is confirmed, the short-term target is directly aimed at $3,450, setting a new high for the year.

In simple terms: the current ETH is not without potential; it's just that the main players are waiting for the ignition signal.

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