#noticisscripto 🚨,Ethereum formed a golden cross that would anticipate greater price increases
This technical analysis pattern is interpreted as the confirmation of a bullish trend.
Growing institutional adoption drives demand for ether (ETH).
If it maintains its upward trend, ETH would quickly move towards the $2,800 zone.
The price of ether (ETH), the native cryptocurrency of the Ethereum network, is in an upward trend. At least, this is what the recent consolidation of a technical analysis pattern known as the "golden cross" or "golden crossover" shows, which is interpreted as a confirmation of trend.
The golden cross occurs when the 50-period simple moving average (in this case, 50 days) crosses above the 200-period moving average.