
esmeralda
@esmeralda
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Ethereum Flashes Bullish Golden Cross β Is A Major Rally On The Horizon?
Ethereum (ETH) has surged 9.9% over the past week, with analysts pointing to a bullish golden cross on its daily chart. This technical signal, where the 50-day moving average crosses above the 200-day, suggests a potential rally past $2,000. Analysts like JJcycles and Bitcoinsensus see structural similarities to past BTC cycles and highlight bullish patterns such as a monthly bull flag. Price targets range from $6,000 to $8,000, supported by strong on-chain signals like low dormancy flow. However, risks remain due to recent weak performance and support breakdowns. ETH currently trades at $1,755, down 3.3% in 24 hours. 0 reply
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