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Ethereum price Eyes 107% Surge as Golden Cross Pattern Returns

Published by
Anjali Belgaumkar

The crypto market turned green after a surprise ceasefire in the Middle East. Along with the ceasefire, a few other big changes took place in global markets, creating a bullish mood for cryptocurrencies, especially altcoins. The recent price drop could have been a bottom for altcoins, and the sharp recovery since then supports this view. Indicators also hint that altcoins could soon outperform Bitcoin.

Ethereum and the altcoin market are showing signs of something big brewing. After the recent sharp drop in prices, which felt like a final shakeout for many traders, market charts are starting to look very bullish. Interestingly, just like how oil prices hinted at a ceasefire before it was officially announced, crypto charts too have a habit of predicting major moves before they happen.

Ethereum and Golden Cross

On Crypto Banter’s Ran Show, the analyst said that Ethereum is about to form a golden cross, a technical signal where the 50-day moving average crosses above the 200-day moving average. In the past, this pattern has led to huge price jumps for ETH, including rallies of 107%, 25%, and even an incredible 2,500%. 

What makes it even more exciting is that the entire altcoin market, excluding Bitcoin, is also just days away from forming its own golden cross. Historically, these moments have triggered powerful rallies in the market. With interest rates falling, market sentiment shifting, and technical signals lining up, it looks like Ethereum and altcoins might be getting ready for a strong move upward in the weeks ahead.

Ethereum Short-Term Price Targets:

Ethereum has seen a short rally in the past 12 hours, but it’s too early to confirm a strong recovery. Important support lies around $2,380, this level must hold to keep hopes alive for a bigger breakout. If Ethereum can push a little higher to around $2,477, it would strengthen the bullish case. 

FAQs

What will the price of Ethereum be in 2025?

As per our Ethereum price forecast 2025, the ETH price could reach a maximum of $5,925.

Will Ethereum price hit $20,000 in 2030?

According to our Ethereum Price Prediction 2030, the ETH coin price could reach a maximum of $15,575 by 2030.

How much would the price of Ethereum be in 2040?

As per our Ethereum price prediction 2040, Ethereum could reach a maximum price of $123,678.

How much will the ETH coin price be in 2050?

By 2050, a single Ethereum price could go as high as $255,282.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

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