Ethereum’s Golden Cross Fuels Optimism: Could $3,000 Be Within Reach?

Crypto analyst Merlijn The Trader suggests that Ethereum is poised for a potential price surge after the emergence of a bullish technical pattern known as a Golden Cross. This signal, where the 50-day moving average (MA) crosses above the 200-day MA, has historically preceded significant rallies in ETH’s price, including one that saw the asset surpass $4,000 following a similar indicator in late 2024. This pattern reemerged recently with Ethereum currently trading around $2,500.