Ethereum (ETH), the second-largest cryptocurrency by market cap, may finally be awakening from its slumber. It recently flashed a bullish golden cross on the daily chart \u2013 a signal that has many crypto analysts forecasting a potential new all-time high (ATH) in the near future.<\/p>\n
In an X post published today, crypto analyst Titan of Crypto noted that ETH has formed a golden cross on its daily chart. He shared the following chart and remarked that bullish momentum appears to be building for Ethereum.<\/p>\n
To explain, a golden cross is a bullish technical pattern that occurs when a short-term moving average (MA) \u2013 typically the 50-day \u2013 crosses above a long-term MA like the 200-day. It signals a potential shift in momentum and is often seen as an indicator of a sustained upward trend.<\/p>\n
Meanwhile, seasoned crypto analyst Ali Martinez commented on ETH\u2019s recent price action. He noted that Ethereum has broken resistance on the 4-hour chart and could be setting up for a move as high as $2,920 in the coming days.<\/p>\n
Fellow market commentator Ted Pillows echoed a similar view. He stated that ETH is currently trading at a local range high, pushing against a key resistance level at $2,800. Pillows suggested that the digital asset might reach $4,000 later this month.<\/p>\n
Multiple technical indicators and market structure patterns are also hinting at near-term upside for ETH. For instance, crypto trader Merlijn The Trader observed<\/a> a hidden bullish divergence on the 12-hour chart.<\/p>\n A hidden bullish divergence occurs when price forms a higher low, while a momentum indicator \u2013 such as RSI or MACD \u2013 forms a lower low. This setup suggests that although momentum appears weak, the underlying trend remains intact, and a price continuation to the upside is likely.<\/p>\n In a similar vein, digital assets analyst Crypto Caesar pointed out that Ethereum\u2019s Wyckoff Accumulation pattern is \u201cstill playing out perfectly.\u201d He shared a chart predicting that ETH may hit a new all-time high by August 2025.<\/p>\n Beyond the technical patterns, other on-chain and market indicators continue to support<\/a> the bullish thesis. For instance, even after gaining over 11% in the past two weeks, Ethereum\u2019s funding rates remain relatively neutral<\/a> \u2013 a sign that the rally may still have room to grow.<\/p>\nAll Indicators Point To Further Upside<\/h2>\n