Ethereum Price Prediction Rises as Golden Cross Appears

1. Bullish Signals Emerging

Ethereum has rebounded 32% from early April’s low of ~$1,400.

This rebound reintroduces ETH into discussions as one of the best cryptos to buy.

2. Golden Cross Development

A golden cross has formed on the 3-day chart—first such bullish signal since the post-election rally.

This occurs when the 50-day moving average crosses above the 200-day moving average, signaling a potential long-term trend reversal.

3. MACD Confirmation

The MACD has crossed above the signal line on higher timeframes, often a precursor to sustained upward momentum.

4. Whale Accumulation

On-chain data shows significant ETH accumulation between $1,600–$1,700 by large holders (whales).

Whale activity typically leads market sentiment and may precede price surges.

5. Symmetrical Triangle Pattern

A bullish symmetrical triangle pattern formed in 2021 still holds relevance.

If the recent reversal is sustained, the dip below support may be a false breakdown.

6. Risk of Breakdown

If bullish momentum fades, ETH could retest the $1,400 support zone.

A confirmed breakdown below this level may trigger a 40% drop to ~$1,050, invalidating the triangle setup.

7. Momentum Indicators Turning Positive

RSI has rebounded from oversold territory (30), suggesting a potential local bottom.

Weekly MACD is nearing a golden cross, further supporting bullish momentum.

8. Price Target

If Ethereum breaks resistance near $1,960 and reclaims the triangle structure, a move to $2,520 (a 40% increase) is possible#BinanceAlphaAlert #AirdropSafetyGuide