Ethereum is on the verge of confirming a powerful golden cross, implying a breakout toward $4,000 appears increasingly likely.
Ethereum (ETH) is approaching a potential breakout as it edges closer to forming a golden cross, a classic technical indicator that signals a major shift in momentum. As ETH hovers below the $2,800 resistance level, confluence with key moving averages and historical performance suggests a high-probability move toward $4,000 if volume picks up. Market sentiment is cautiously optimistic as bulls look to capitalize on this developing setup.
Key technical points
- Golden Cross Incoming: ETH’s 21-day moving average is closing in on a bullish crossover above the 200-day, a historically bullish formation.
- Major Resistance at $2,800: Ethereum is consolidating under the $2,800 level, which also aligns with the value area high.
- Supportive Structure: The 21-day and 200-day MAs are acting as dynamic support, building bullish pressure beneath key resistance.
ETHUSDT (1D) Chart, Source: TradingView
Ethereum recently broke above its point of control, a high-volume price region, sparking the current bullish trend. Since then, price action has climbed steadily, now testing the $2,800 resistance. This level is critical, as it coincides with the value area high, creating a zone of confluence that’s closely watched by both traders and algorithmic strategies.
Crucially, the 21-day moving average is now rising and on the verge of crossing above the 200-day MA — a textbook golden cross formation. Historically, this pattern has preceded periods of accelerated price growth in Ethereum, often leading to sustained multi-week rallies. In previous cycles, the golden cross has given technical traders a clear long-bias setup, reinforcing the potential for further upside.
As the two moving averages converge, Ethereum is establishing a supportive structure beneath resistance, a technical signal that upward pressure is building.
To confirm this bullish outlook, ETH needs a decisive daily close above $2,800 on strong volume. A weak breakout could result in a rejection, but a surge in volume may trigger the next leg higher. If confirmed, momentum could accelerate toward the $4,000 area, a key psychological and technical level. Traders should also monitor funding rates and open interest to gauge strength behind the move.
What to expect in the coming price action
If Ethereum confirms the golden cross and breaks above $2,800 with strong volume, it could spark a swift rally toward the $4,000 level. Sustained consolidation above resistance would further validate the bullish structure and potentially mark the start of a new uptrend.
