Ethereum price gained 90% the last time this indicator turned bullish

Quick Summary:

It is important to note that the golden cross is on a 12-hour chart, which is less dependable than the one-day chart. Related: Bitcoin fractal analysis forecasts new all-time highs above $110K by end of weekTraders exercise caution ahead of possible ‘range-bound environment’Popular crypto trader XO noted that Ethereum is consolidating under a “decent” resistance level below the $2,800 mark.

Cointelegraph reported that Ether recently retested the 0.5 to 0.618 Fib levels, which could trigger a short-term correction for ETH. In such a scenario, the immediate area of support remains around $2,150 and $1,900, possibly slowing down the bullish momentum for a prolonged period. Ethereum 1-week price analysis.

Source: Cointelegraph/TradingViewA bullish breakout above $2,600 could target $3,600, which is calculated by adding the flagpole height to the breakout point, but the immediate key area of interest remains between the resistance range at $3,100-$3,000. The 200-day exponential moving average (EMA) supports the lower range.

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Author / Journalist: Cointelegraph by Biraajmaan Tamuly

Category: Crypto

Markets: United States

Topics: Chart Indicator Range Price Resistance Ethereum Bullish Breakout Flag Rally Pattern

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-20 @ 20:44:07 (10 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 498 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Coin Telegraph

News ID: 28881702

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

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