Ethereum Holds Firm at $2,500 as Traders Anticipate Bullish “Golden Cross”
Ethereum is showing resilience in the face of geopolitical uncertainty, maintaining support near $2,500 as traders look for signals of the next major price move.
Over the past several sessions, ETH has traded in a relatively tight range between $2,500 and $2,540, with declining trading volumes hinting at an accumulation phase rather than widespread selling. However, strong resistance persists around the $2,800 level—a barrier that ETH has tested multiple times this month. A decisive breakout above this level could pave the way toward the $3,000 mark.
On-chain activity continues to support a bullish outlook. More than 35 million ETH is now staked, locking up supply and reducing selling pressure, even as global markets grapple with volatility driven by tensions between Israel and Iran.
Adding to the positive sentiment, traders are closely watching for the formation of a “golden cross,” a technical pattern that occurs when the 50-day moving average crosses above the 200-day average. Historically, this has signaled significant rallies for Ethereum.
Key Technical Takeaways:
- ETH traded within a 24-hour price range of 4.05% (approximately $106.11), dipping from $2,564.28 to a low of $2,455.95 before recovering.
- The $2,490–$2,500 range has proven to be strong support, repeatedly absorbing sell pressure.
- Late-session trading saw ETH consolidating between $2,500 and $2,540, accompanied by lower volumes, which suggests quiet accumulation.
- A sharp bullish spike occurred at 11:43, propelling ETH from $2,506 to $2,517 on increased volume (rising from around 5,876 units to over 8,096).
- Selling emerged near $2,515, causing ETH to pull back into a descending channel and briefly drop to $2,503 between 12:19 and 12:22.
- On shorter timeframes, ETH has formed a V-shaped recovery, solidifying the $2,503–$2,504 area as key near-term support.
Ethereum’s technical outlook remains cautiously optimistic, with market participants waiting for a clear breakout to define the next trend direction.
