Traders Keep Eyes on ‘Golden Cross’ as Ethereum Maintains $2.5K Level

Ethereum Clings to $2,500 as Traders Watch for Bullish “Golden Cross”

Ethereum is holding steady near the $2,500 level, demonstrating resilience despite geopolitical turbulence that continues to weigh on global markets.

In recent days, ETH has fluctuated within a narrow band of $2,500 to $2,540, suggesting consolidation rather than widespread selling. However, the $2,800 level remains a significant resistance zone. A sustained breakout above this threshold could open the door for a rally toward $3,000.

Meanwhile, on-chain trends remain supportive of ETH’s outlook. Staked ETH has climbed above 35 million, effectively tightening the circulating supply and providing a foundation for potential upward price moves—even as tensions between Israel and Iran create uncertainty across financial markets.

Technical analysts are also eyeing the possibility of a “golden cross,” a bullish indicator that occurs when the 50-day moving average overtakes the 200-day moving average. Historically, this pattern has preceded significant price gains for Ethereum.

Key Technical Highlights:

• Over the past 24 hours, ETH traded in a 4.05% range (around $106.11), sliding from $2,564.28 to a low of $2,455.95 before recovering.
• Solid buying interest has repeatedly emerged near the $2,490–$2,500 zone, reinforcing this area as strong support.
• Late-session trading saw ETH consolidating between $2,500 and $2,540 amid declining volumes, hinting at accumulation.
• A surge at 11:43 pushed ETH from $2,506 to $2,517 on rising volume (from roughly 5,876 units to over 8,096).
• Sellers stepped in near $2,515, triggering a pullback into a descending channel and briefly sending prices down to $2,503 between 12:19 and 12:22.
• Lower timeframes show a V-shaped recovery, establishing the $2,503–$2,504 region as key near-term support.

Overall, Ethereum’s outlook remains cautiously bullish, with traders watching for a decisive move that could set the stage for the next leg higher.