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Ethereum's Golden Cross: What's Next for ETH?

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by Crypto Hobby
Shining gold coin, Ethereum logo, with cross
An Ethereum coin

Ethereum, the second-largest cryptocurrency, is experiencing renewed bullish sentiment following the confirmation of an Ichimoku golden cross on its weekly chart. This significant technical indicator, coupled with other expert analyses, suggests a potential upward trajectory for ETH, with price targets ranging from $3,100 to $4,000 in the coming months.

Ethereum's Golden Cross Signals Bullish Momentum

Ethereum has recently confirmed a bullish Ichimoku golden cross on its weekly chart, a technical pattern often indicative of significant upward price movement. This development has sparked optimism among analysts regarding ETH's near-term future.

  • Ichimoku Golden Cross: A bullish signal formed when a short-term moving average crosses above a long-term moving average, suggesting a shift to an uptrend.
  • Current Price: ETH is currently trading around $2607, showing a mild 2% increase in the last 24 hours and a 6% spike over the past seven days.

Expert Price Predictions for ETH

Several prominent crypto analysts have weighed in on Ethereum's potential price targets following the golden cross confirmation.

  • Titan of Crypto: This analyst, via X, predicts ETH could reach $3,100 in short order if the Ichimoku golden cross and RSI breakout are confirmed.
  • Michaël van de Poppe: Another notable analyst, Van de Poppe, suggests a breakout could lead ETH to the $3,400-$3,500 range if it surpasses the $2,800 resistance level. He emphasizes the importance of holding the $2,575 support area.

Technical Analysis and Future Outlook

Technical platforms like CoinCodex also provide optimistic forecasts for Ethereum's price trajectory.

  • August 2025 Prediction: CoinCodex anticipates ETH could reach $2,852.18 by August 7, 2025, representing a 9.19% increase.
  • September 2025 Prediction: The token is expected to hit $3,000 by September 2025.
  • October 2025 Prediction: A more ambitious forecast suggests ETH could reach $4,290.90 by October 6, 2025, a substantial 64.27% rise, provided market sentiment remains favorable.

These predictions are based on recent price volatility and green day percentages, indicating a generally positive outlook for Ethereum in the coming months.

Sources:


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by Crypto Hobby

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