Ethereum Forms Bullish Golden Cross, Analysts Predict Potential ATH
Ethereum (ETH) has shown bullish signs, forming a golden cross on its daily chart, prompting analysts to forecast a potential new all-time high.
Key Developments
- Crypto analyst Titan of Crypto noted the formation of a golden cross, indicating potential upward momentum.
- Ali Martinez highlighted that ETH broke resistance on the 4-hour chart, with a possible move to $2,920.
- Ted Pillows indicated current trading near $2,800 and suggested a target of $4,000 later this month.
- Merlijn The Trader observed hidden bullish divergence on the 12-hour chart, suggesting ongoing upward momentum despite low indicators.
- Crypto Caesar reported that Ethereum's Wyckoff Accumulation pattern remains intact, predicting a new all-time high by August 2025.
Market Indicators
- Funding rates for ETH remain neutral after an 11% gain over two weeks, indicating further growth potential.
- ETH aims for a breakout towards $3,500, currently trading at $2,740, up 6.8% in the past 24 hours.