Ethereum (ETH) is showing signs of a potential price surge, with analysts predicting a new all-time high (ATH) soon. This bullish outlook is supported by technical indicators and market trends. (Source: Various crypto analysts, Today)
Today, crypto analyst Titan of Crypto noted that ETH formed a golden cross on its daily chart, a bullish technical pattern. A golden cross occurs when a short-term moving average (MA) crosses above a long-term MA, signaling a potential upward trend.
Analyst Ali Martinez noted that Ethereum has broken resistance on the 4-hour chart and could reach $2,920 soon. Ted Pillows suggested ETH might reach $4,000 later this month. Multiple technical indicators also hint at near-term upside for ETH.
Crypto trader Merlijn The Trader observed a hidden bullish divergence on the 12-hour chart. Digital assets analyst Crypto Caesar pointed out that Ethereum's Wyckoff Accumulation pattern is "still playing out perfectly."
Even after gaining over 11% in the past two weeks, Ethereum's funding rates remain relatively neutral, suggesting the rally may continue. These factors contribute to the positive outlook for ETH's future price movement.