🔷Ethereum has confirmed a “Golden Cross” — a technical signal where the 50-day moving average crosses above the 200-day moving average. This may indicate the beginning of a sustained upward trend. Analysts, including Ted Pillow, forecast that ETH could rise to $3,000 and beyond, especially amid active accumulation: whales have acquired over 450,000 ETH in the past month.
🔷Another bullish indicator is the shift in the MVRV ratio, suggesting the asset is undervalued. If Ethereum holds above $2,200, it could reach targets of $2,627 and $2,964. Although the RSI has slightly pulled back from overbought territory, momentum remains strong. The market may enter a consolidation phase before the next leg up.