$ETH
ETH price analysis: Golden cross is approaching, breaking through 4000 is expected! 🚀
Brothers, ETH is on fire again! Today's price rose and stood firmly in the support zone of 3000. This wave of accumulation may be to welcome the upcoming "golden cross", with the target directly pointing to 4000! Let's take a look at the specific situation👇
Current market interpretation: 🔍
Strong consolidation and then strength:
Price range: In the past week, ETH fluctuated and consolidated between 3017 and 3225, steadily and steadily, accumulating sufficient demand and momentum.
Support strength: A strong demand belt was formed in the 3017 to 3140 area, and 5.4 million ETH were transferred in this price range, providing a solid bottom support for the price.
Short-term technical signals:
Bullish rebound: ETH re-stood on the 50-day moving average on the 4-hour chart, with strong short-term upward momentum.
The triple bottom pattern is confirmed: The daily chart shows that ETH has broken through the neckline of the triple bottom pattern, which provides structural support for subsequent increases.
"Golden Cross" is about to take place: ✨
What is the golden cross? Simply put, it is the 50-day moving average crossing the 200-day moving average upward, which is an important signal for the market to confirm the long-term upward trend!
Looking back at history:
In 2020 and 2023, ETH has seen an increase of more than 100% after the golden cross.
At present, the golden cross has begun to show its edge, and the bullish momentum on the daily chart is gradually emerging.
Whale activity support: 🐋
Recently, ETH big players have frequently made moves, and the accumulation of funds is obvious:
A whale address has recently increased its holdings by 27,000 ETH, with a total value of more than 88.9 million.
The injection of fresh funds further consolidates the support area of around 3,000, providing strong endorsement for subsequent price breakthroughs.
ETH is brewing a big market, and the "golden cross" is imminent. Breaking through 4,000 is not a dream! The bulls are keeping their eyes on the resistance between 3442 and 3480, and the final outcome of the long-short divergence will be revealed here. Let's take steady steps, aim for opportunities, and welcome this wave of dividends together! 💪