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Ethereum is now trading at a crucial moment after days of consistent sales pressure, which reduced the price by over 12% from the last Tuesday. Currently, floating around the 2,200 USD mark, ETH is trying to maintain a stubborn shoot, and many analysts warn that there may be a deeper amendment, if the bulls are not defending this key support zone. A recent decrease reflects the wider uncertainty of the market, with the growing variability shocking the investor’s investor trust, when ETH seemed ready to join the wider breakthrough of Altcoin.
Despite this weakness, optimism is growing in some corners of the market. The best analyst Ted Pillows shared a technical analysis showing that on the 12-hour Ethereum chart the Golden Cross was confirmed, traditionally perceived as a precursor of the main stubborn movements. This crossover, which occurs when the 50-speed moving average is exceeded above 200-speed moving average, often means the beginning of a prolonged growth trend.
If Bulls manages to maintain current levels and regain higher resistance near $ 2,600, the golden cross can become a turning point. Until then, the coming days will be crucial when determining whether Ethereum may bounce or sink in the long stage of consolidation.
The variability is struck by Ethereum among the golden cross signal
Ethereum noted a acute variability at the weekend, increased by USD 2,550, after which it quickly turned and fell into a zone worth USD 2,400 in a few hours. This sudden movement caused re -uncertainty, because analysts become cautious about the disappearance of stubborn momentum and growing sales pressure. While ETH remains one of the stronger performers on the wider Altcoin market, it still fell by 36% compared to December by about USD 4,100. This leaves bulls with a clear challenge: keep the current levels and recover control, exceeding prices above USD 2800 to delicate a lasting rally.
The level of USD 2,300 currently operates as a critical support zone. The break below can cause a deeper revival, probably drawing Ethereum in the scope of consolidation or even in the direction of lower support levels. Despite this, technical signals offer a flash of hope.
According to pillowsEthereum has recently confirmed the Golden Cross on a 12-hour chart-upgrade pattern that occurs when the 50-speed moving average exceeds the 200-speed average. Historically, such signals were preceded by robust plus movements, and the pillow believes that this can pave the Ethereum path to reach $ 3,000 in the near future.
However, for this to happen, buyers must definitely approach. Tom narrowed, and the sentiment seems breakable after a failure last week. If the bulls can defend the 2,200 USD region and quickly regain higher resistance, the golden cross may indicate the beginning of the next Ethereum leg. Until then, the market remains in waiting and seeing, observing whether a stubborn signal can outweigh the growing pressure from sellers.
ETH tests Key support after a decline from local ups
Ethereum trades for USD 2,402 after a acute Sunday sales, where the price increased to USD 2,670 before it recovered over 10% in less than 24 hours. As you can see on a 4-hour chart, ETH consolidates just above the zone 2390–2400 USD, which is a key importance for the maintenance of bulls. This area coincides with the earlier consolidation zone and can act as a compact -term support base.
The 200-speed EMA on the 4H chart is currently USD 2130, and 200 SMA is almost 1991 USD-they are well below the current price and offer long-term trend support. However, the profile of the volume shows an enhance in sales activity during withdrawal, which suggests that compact -term traders block profits. If the price drops below USD 2390, it is likely to return to the $ 2,200-2300 USD.
On the other hand, ETH must recover USD 2,550 to restore the shoot. Failure to comply with this can confirm the local top. The price action is clearly undecided, and this range associated with the range may persist, unless the Bulls again set strength with a decisive traffic above USD 2,200. Until then, USD 2,400 remains a battlefield between buyers and sellers among increased variability.
Recommended photo from Dall-E, Tradingview chart
