Ethereum has faced intense volatility in recent days as escalating tensions between Israel and Iran continue to rattle global markets. Despite the uncertainty, ETH remains resilient above the $2,500 level, signaling ongoing strength among bulls. However, Ethereum now trades just below a critical resistance level at $2,675 — a zone that has acted as a barrier several times over the past few weeks. A breakout above this mark could trigger renewed upside momentum and set the stage for a rally toward $3,000.
Market participants remain divided on Ethereum’s short-term direction, but the technical landscape offers a potentially bullish clue. According to top analyst Ted Pillows, Ethereum is on the verge of completing a golden cross — a chart pattern where the 50-day moving average crosses above the 200-day moving average. Historically, this signal has preceded strong upward trends in ETH, with the last golden cross resulting in a 35% surge over the following weeks.
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