🚨 Golden Cross Alert: Is Ethereum($ETH ) Gearing Up to Break $3,000?
Ethereum (ETH) has been under pressure lately, dropping nearly 12% since last Tuesday 📉. The price is now hovering around $2,400, a critical support level ⚠️. Bulls are struggling to maintain momentum, and if this zone breaks, a deeper correction may follow.
But there’s a glimmer of hope — a Golden Cross has formed ⚡. If bulls defend current levels and reclaim $2,600+, it could spark the next major move upward 🚀.
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⚡ Golden Cross Ignites Ethereum Volatility
Over the weekend, ETH briefly soared above $2,550 before plunging back under $2,400 in just a few hours ⏬. This whipsaw price action has left traders uncertain and cautious. Despite being down 36% from its $4,100 December high, Ethereum remains a top-performing crypto asset ⭐.
A 12-hour Golden Cross — where the 50-period MA crosses above the 200-period MA — has been confirmed ✅. Historically, this pattern has signaled major upward moves. According to Pillow analysts, this could be the signal that propels ETH past $3,000 again 🔥.
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📉 Fragile Sentiment, Critical Levels
Volume remains low, and trader sentiment is still shaken from last week’s drop 😟.
Bulls must protect $2,400 and push ETH back toward $2,800 to confirm a strong rebound.
ETH hit $2,670 on Sunday before falling over 10% to $2,402.
On the 4H chart, price is stabilizing above the $2,390–$2,400 zone — a vital short-term support 🛡️.
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📊 Long-Term Trend Still Intact
4H 200 EMA: $2,130
4H 200 SMA: $1,991
Both are well below current price and still indicate long-term bullish structure ✅.
If $2,390 fails, ETH could revisit $2,200–$2,300 before bouncing.
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⏳ The next few days are crucial. Can bulls turn this Golden Cross into a launchpad toward $3,000? Stay tuned!
