Traders Split Between Correction and New Breakout
The post Traders Split Between Correction and New Breakout appeared on BitcoinEthereumNews.com.
Altcoin Analysis Ethereum is holding above $4,500, but traders are split on whether the next move will bring further gains or a short-term pullback. The market has been fueled by recent technical developments, including the appearance of a golden cross and a TD Sequential signal that suggests caution. The price of ETH is currently trading at $4,576 after touching highs of $4,644 earlier in the day. While the broader uptrend since April remains intact, momentum indicators show mixed signals. The daily Relative Strength Index (RSI) is hovering around 56, reflecting neutral momentum with neither overbought nor oversold conditions. Golden Cross Sparks Optimism Crypto Rover pointed to the formation of a golden cross on Ethereum’s 3-day chart – where the 50-day moving average moves above the 200-day moving average – a pattern historically linked to bullish momentum. Rover compared the setup to previous golden crosses in 2020 and 2023, both of which preceded strong rallies. He argued that the 2025 signal could mark the start of Ethereum’s next major uptrend. TD Sequential Hints at a Dip Not all analysts are as optimistic in the short term. Market watcher Ali noted that the TD Sequential indicator has now flashed a sell signal for Ethereum. He suggested that a dip toward $4,570 could be on the cards before any renewed move higher. This aligns with some traders’ expectations that ETH may need to consolidate recent gains before breaking new ground. Market Outlook Ethereum’s recent performance has been closely tied to broader macroeconomic developments, with the Federal Reserve’s rate cut earlier this week boosting sentiment across risk assets. Despite short-term sell signals, the long-term structure remains favorable, especially with ETH maintaining levels well above the $4,000 support zone. With technical signals diverging, Ethereum’s next move could hinge on whether buyers defend the $4,570 support…
Filed under: News - @ September 18, 2025 11:29 am