Ethereum ETH $1,802.39 Bridged Ether (StarkGate) 1.75% Market capitalization $0.16 billion VOL. 24 hours $1.05 billion shows signs of potential growth after the formation of the golden cross technical indicator on the daily chart. This happened amid a general increase in the token’s price by almost 10% during the week. The golden cross occurs when the 50-day moving average crosses the 200-day moving average from above, a signal that often precedes a long bullish trend.
The Titan of Crypto analyst notes that if the positive dynamics continue, the ETH price may soon overcome the psychological mark of $ 2,000. Other analysts, including JJcycles, also support this optimism. According to him, the current Ethereum chart structure resembles Bitcoin’s behavior after the March 2020 crash, when BTC traded around $ 5,000 before starting a big rise.
Crypto traders from the Bitcoinsensus account point to the formation of a bullish flag on the monthly chart of ETH, which could indicate the potential for a breakout to the $ 8,000 level. Another experienced trader, TraderPA, believes that Ethereum is currently in a reaccumulation phase and predicts growth to $ 6,000 by the end of 2025.
Additionally, online analyst Ali Martinez draws attention to the decline in the Entity-Adjusted Dormancy Flow metric below one million, which historically has indicated that the asset is undervalued. This may indicate that the rate recovery phase is approaching.
Despite the positive signals, some analysts warn of risks: the weak dynamics of ETH in previous months and repeated breakouts of key support levels leave open the scenario of a drop to $ 1,200. Nevertheless, the overall expectations for the second quarter of 2025 remain bullish, and some predict a new all-time high. At the time of publication, the price of ETH is $ 1,755.