🔥 Gate Post Ambassador Exclusive Posting Reward Task Round 4 Is Live!
Not yet a Gate Post Ambassador? Apply now 👉 https://www.gate.com/questionnaire/4937
Join the Ambassador Task and post daily from June 9 to June 15, get your posts rated, and share a $300 prize pool based on your ratings!
🎁 Reward Details:
S-Level Weekly Ranking Reward
Post every day for 7 days with an overall quality score above 90 to qualify for S-Level.
2 outstanding ambassadors will each receive a $50 trading fee rebate voucher.
A/B-Level Tiered Rewards
Based on the number of posts and their quality, ambassadors will
Ethereum flashes a Golden Cross on the daily chart – Is a new ATH within reach?
Ethereum (ETH), the second largest cryptocurrency by market capitalization, may finally awaken from its slumber. Recently, it flashed a bullish golden cross on the daily chart – a signal that has many cryptocurrency analysts predicting a new all-time high (ATH) in the near future. Ethereum flashes bullish golden cross In post X published today, cryptocurrency 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 seems to be forming for Ethereum.
To explain, a golden cross is a bullish technical pattern that occurs when a short-term moving average (MA) – typically the 50-day – crosses above a long-term MA such as the 200-day. It signals a potential shift in momentum and is often regarded as an indicator of a sustainable uptrend. Meanwhile, veteran cryptocurrency analyst Ali Martinez commented on the recent price movement of ETH. He noted that Ethereum has broken through the resistance level on the 4-hour chart and could set up a bullish move to $2,920 in the coming days.
Market commentator Ted Pillows shares a similar view. He stated that ETH is currently trading at a local high, against a key resistance level of $2,800. Pillows believes that this digital asset could reach $4,000 by the end of this month.
Many technical indicators and market structure patterns are also indicating a bullish trend in the short term for ETH. For example, cryptocurrency trader Merlijn The Trader has observed a hidden bullish divergence on the 12-hour chart.
Hidden bullish divergences occur when the price forms a higher bottom, while a momentum indicator – like the RSI or MACD – forms a lower bottom. This setup shows that although the momentum seems weak, the underlying trend remains intact, and the price is likely to continue to rise. Similarly, digital asset analyst Crypto Caesar pointed out that Ethereum's Wyckoff accumulation pattern "is still playing out perfectly." He shared a daily chart predicting that ETH could reach a new all-time high in August 2025.
All indicators point to further growth. In addition to technical patterns, other indicators on-chain and the market continue to support the bullish thesis. For example, even after rising more than 11% in the past two weeks, the funding rate of Ethereum remains relatively neutral - a sign that the bullish trend may still have room to grow. In addition, ETH is aiming for a possible breakout to $3,500, with the price expected to surge above the (EMA)-critical 50-day exponential moving average. At press time, ETH was trading at $2,740, up 6.8% in the last 24 hours. #CryptoSecurity101