Will Ethereum Hit $3K? Golden Cross Signals Bullish Momentum

Ethereum has crossed into positive territory with the confirmation of a golden cross, setting the stage for a potential surge towards $3,000. Price analysis highlights key support and resistance levels, revealing recent market trends. The chart shows signs of momentum slowing down as it meets resistance near $2,900, aligning with the 200-day moving average and a previous major breakdown point in February. This level is crucial for bulls to defend if they want to continue the upward trend. Short liquidations fueled the recent rally but fresh demand may be needed to sustain momentum beyond this point.