A new Ethereum golden cross pattern has formed, signaling a potential bullish breakout. After months of downward pressure, ETH is now showing signs of strength. The technical setup on the daily chart shows the 50-day moving average crossing above the 200-day average, confirming what analysts call a “golden cross.”
This technical formation often marks the beginning of a sustained uptrend.
Ethereum Golden Cross Confirmed by Key Indicators
Crypto analyst Ted Pillow believes the golden cross could push Ethereum to the $3,000 mark. Another analyst, Ali Martinez, pointed to a shift in Ethereum’s MVRV ratio — from bearish to bullish — indicating that ETH may now be undervalued.
Martinez also highlighted that whale accumulation is accelerating. In the last month alone, major investors have bought over 450,000 ETH. Additionally, nearly 1 million ETH has been withdrawn from centralized exchanges since April, reducing supply and increasing scarcity.
“While Ethereum holds above $2,200, $3,000 and even $4,000 remain realistic targets,” said Martinez.
Fibonacci Levels and Whale Activity Support the Trend
According to Fibonacci extension levels, several key targets align with psychologically important zones:
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2.618 level at $2,627
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3.618 level at $2,964
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4.236 level at $3,172
These correspond with expected resistance around $3,000–$3,200. The Ethereum golden cross, combined with strong on-chain signals, strengthens the case for upward momentum.
Ethereum Remains Strong Above Key Support
ETH has managed to hold above the critical $2,200 support level, which acts as a strong foundation for further gains. If momentum continues and market conditions remain favorable, Ethereum could revisit its previous highs from the 2021–2022 bull cycle.
Technical patterns like the golden cross rarely guarantee price action, but when supported by on-chain data and investor behavior, they can mark pivotal turning points.
Conclusion: Ethereum Golden Cross Could Trigger $3,000 Rally
The Ethereum golden cross is more than a visual chart pattern — it’s a signal backed by increased buying pressure, positive sentiment, and strong fundamentals. Analysts see ETH targeting $3,000 and beyond as long as the current trend holds.
With whales accumulating, technical indicators flipping bullish, and investor optimism returning, Ethereum may be on the verge of its next major rally.
