Ethereum Approaching Bullish Golden Cross – Is a Major Rally on the Horizon?

Ethereum is currently experiencing a period of sideways trading within a range that has persisted for over six weeks, amid geopolitical tensions that have introduced volatility to the markets. Despite this, ETH remains resilient above the $2,500 support level, which has been a consistent foundation during recent price fluctuations. The key resistance zone at $2,675–$2,700 remains a significant hurdle; a successful breakout above this area could serve as a catalyst for a rally toward $3,000. Additionally, traders are watching for a potential golden cross, where the 50-day moving average crosses above the 200-day moving average, a bullish indicator that has historically preempted strong upward trends in ETH. If Ethereum manages to reclaim key resistance and confirms the golden cross, it could ignite a breakout phase, potentially boosting overall altcoin market sentiment.