Technical analysis shows that Ethereum has just showed a failed golden cross On the chronometer at 1 day of the candlestick. The golden cross is widely considered as a signal from Momentum Haussier. This technical training, where the 50-day mobile average climbs above the 200-day mobile average, occurred for the last time on the daily table of Ethereum candlesticks in December 2024 and resulted in an increase of 18%.
This time, however, the story is very different. Instead than to trigger another rallyEthereum prices action was quite flat, This makes it difficult to imagine a break greater than $ 3,000 very soon.
The lack of follow -up shows the weakness of Ethereum
According to a technical analysis initially noted on the social media platform X, Ethereum recently presented a golden cross. However, according to the analyst, it was a failed gold cross, because the price of Ethereum has barely evolved when this happened on the daily time.
The analyst, who is called Honey on the social media platform, noted that the lack of movement shows deeper problems under current market conditions, in particular in terms of liquidity and feeling. The golden cross should have inject life into the action of Ethereum prices, but instead, It shows the absence of momentum.
Ethereum prices performance after the crossing made the model look like a false signal that the golden crossover is best known as the name. The graph below shows that even if the mobile averages met, the action of the prices around this moment went without incident and even slightly down. This is a huge difference compared to what happened in December 2024, when the same scheme was followed by a rapid thrust. At the time, Ethereum’s price jumped around 18% to very briefly earn $ 4,000.
Return to $ 3,000 could take more time than expected
The biggest point to remember is not only the failure of failure, but what this implies in the coming quarter. According to the analyst, this whole crypto market could attend a slow and agitated Q3, especially if Bitcoin is below the $ 111,000 mark.
In this environment, it is difficult to imagine Ethereum to run a capacity of $ 3,000 immediately. The lack of momentum does not increase well for the Haussiers forecasts, even if Ethereum has so far held his land at the level of support About $ 2,400.
At the time of writing this document, Ethereum is negotiated at $ 2,548, down 2.1% in the last 24 hours. Coingecko data show that Altcoin Leader reaches An intra -day summit of $ 2,630 in the last 24 hours, but he failed to maintain this momentum. For Ethereum to leave its current area and increases to $ 3,000, it would need a wave of liquidity and confidence.
This recent volatility is difficult for the upward prospects of Ethereum, but its long -term perspectives is relatively strong. Interestingly, a particular analyst believes that Ethereum exceed $ 10,000 this cycle.
Istock star image, tradingView.com graphic
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