Ethereum (ETH) is on the verge of printing a golden cross on the daily chart — a bullish signal where the 21-day moving average crosses above the 200-day moving average. Historically, this formation has triggered strong upward moves, and current price structure supports the possibility of a similar rally if key resistance is broken.
ETH has already bounced from the Point of Control (POC) and is currently consolidating just under $2,800, a major resistance level that also aligns with the Value Area High (VAH). This confluence makes it a critical breakout zone.
Key Highlights:
Golden Cross Setup: 21MA approaching a bullish crossover of 200MA
Major Resistance: $2,800 (confluence with VAH)
Support Structure: 21MA and 200MA providing bullish structure
Next Target: $4,000 if breakout is confirmed with volume
Volume remains the key missing piece — a breakout above $2,800 without volume may lead to a fakeout, but strong participation could validate the breakout and accelerate a rally toward $4,000.
Watch for price to either consolidate under $2,800 (bullish compression) or break with a volume spike. A confirmed golden cross and breakout could be the trigger for a multi-week bullish expansion, similar to previous patterns in ETH’s history.
ETH has already bounced from the Point of Control (POC) and is currently consolidating just under $2,800, a major resistance level that also aligns with the Value Area High (VAH). This confluence makes it a critical breakout zone.
Key Highlights:
Golden Cross Setup: 21MA approaching a bullish crossover of 200MA
Major Resistance: $2,800 (confluence with VAH)
Support Structure: 21MA and 200MA providing bullish structure
Next Target: $4,000 if breakout is confirmed with volume
Volume remains the key missing piece — a breakout above $2,800 without volume may lead to a fakeout, but strong participation could validate the breakout and accelerate a rally toward $4,000.
Watch for price to either consolidate under $2,800 (bullish compression) or break with a volume spike. A confirmed golden cross and breakout could be the trigger for a multi-week bullish expansion, similar to previous patterns in ETH’s history.
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Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.