🚀 Why is Ethereum (ETH) Price Surging Today?
Ethereum’s native token Ether (ETH) is making waves! 🌊 After holding strong support at $3,000, it’s up 9.65% in the last 24 hours, now aiming for the next milestone: $4,000. Here's why ETH is grabbing attention 👇
💡 Key Drivers of the Rally:
1️⃣ Golden Cross Incoming:
ETH’s 50-day moving average is just hours away from crossing the 200-day moving average—a "golden cross" often signals long-term bullish momentum. Historically, it’s sparked rallies of 100%+ in 2020 and 2023. Could history repeat itself?
2️⃣ Demand Surge Around $3,000:
🔹 Over 5.4M ETH moved between $3,046-$3,142, forming a strong demand zone.
🔹 Whale activity: A single address purchased 27,000 ETH (worth $88.9M) last week.
3️⃣ Triple-Bottom Breakout:
ETH’s chart shows a confirmed triple-bottom pattern, coinciding with a daily order block near $3,000, further solidifying its bullish outlook.
4️⃣ Bull Flag Breakout:
On the weekly chart, ETH has broken out of a bull flag, with analysts eyeing a retest of the $3,700 resistance.
📊 What’s Next?
If the golden cross is confirmed, ETH could target $4,000+ in the short term. A rally to $3,700 is already in sight, with traders and whales fueling momentum.
🎯 Your Take:
Do you think Ethereum is ready to reclaim $4K or beyond? Are you bullish on this golden cross? Share your thoughts below! 👇