The post Ethereum Golden Cross Approaching – Will History Repeat? appeared on BitcoinEthereumNews.com.

Ethereum has faced intense volatility in recent days as escalating tensions between Israel and Iran continue to rattle global markets. Despite the uncertainty, ETH remains resilient above the $2,500 level, signaling ongoing strength among bulls. However, Ethereum now trades just below a critical resistance level at $2,675 — a zone that has acted as a barrier several times over the past few weeks. A breakout above this mark could trigger renewed upside momentum and set the stage for a rally toward $3,000. Market participants remain divided on Ethereum’s short-term direction, but the technical landscape offers a potentially bullish clue. According to top analyst Ted Pillows, Ethereum is on the verge of completing a golden cross — a chart pattern where the 50-day moving average crosses above the 200-day moving average. Historically, this signal has preceded strong upward trends in ETH, with the last golden cross resulting in a 35% surge over the following weeks. As Ethereum hovers in a tight range, traders are closely watching this setup. If bulls manage to reclaim $2,675 and the golden cross confirms, Ethereum could enter a powerful breakout phase, potentially sparking broader optimism across the altcoin market. Ethereum Prepares For A Breakout As Bulls Hold Support Ethereum is facing a decisive moment as it continues to trade within a range that has persisted for more than six weeks. The current price structure reflects growing indecision among market participants, largely driven by geopolitical uncertainty stemming from the escalating conflict between Israel and Iran. This macro backdrop has injected volatility across financial markets, and Ethereum has not been immune. While price action remains contained, ETH bulls are showing resilience by defending the $2,500 level — a crucial zone that has repeatedly served as support during the past month. However, to regain momentum, Ethereum must break above…

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Filed under: News - @ June 18, 2025 12:24 am