TLDR:
- Ethereum trades near key $2,800 resistance after bouncing off 50-day EMA.
- Price consolidates inside a support zone from $2,435 to $2,800.
- Golden cross pattern may form, signaling strong upward potential.
- A breakout could push ETH toward $3,000 and possibly $4,000.
Ethereum is approaching a critical price zone as traders watch for signs of a bullish breakout. Market activity shows increasing pressure around the $2,800 level, a range that has historically triggered strong moves.
Technical indicators point to growing momentum, with the 50-day EMA acting as support. If ETH pushes beyond $2,800 and sustains levels above $3,000, a rally toward $4,000 could follow. This move may mirror previous cycles, where similar patterns led to major surges.
Ethereum Tests Support Range Near 50-Day EMA
According to CryptoBusy, Ethereum’s price has hovered near a key support zone between $2,435 and $2,800 for several weeks. This area, marked by consistent bounce-backs, now aligns closely with the 50-day exponential moving average.
Based on current CoinGecko data, ETH trades at $2,425.44, with a slight daily increase but a weekly decline of 3.47%.
The 50-day EMA is acting as a pivot level. Ethereum has tested it several times, with each retest sparking brief upward moves.
Market participants view this as a sign of possible accumulation. Should bulls maintain this momentum, a breakout from the horizontal range could be imminent.
CryptoBusy noted that Ethereum is displaying a familiar market pattern seen ahead of past rallies. The current chart shows consolidation inside a horizontal green zone, with ETH repeatedly attempting to break the $2,800 resistance.
This kind of accumulation often precedes large price swings, as traders prepare for directional confirmation.
Ethereum is gearing up for its next big move!$ETH is testing its 50-day EMA again, and momentum is building.
Last time it broke this structure, it ran hard!
Break $2800 to $3K, then a potential run to $4k?
— CryptoBusy (@CryptoBusy) June 25, 2025
The current structure echoes previous price actions, where a strong move followed once ETH crossed above key resistance. If Ethereum pushes beyond $2,800, the next targets are $3,000 and $4,000, areas where the price previously faced rejection.
Ethereum Golden Cross Pattern Raises Bullish Expectations
According to Cipher X, Ethereum may soon form a golden cross, a pattern where the 50-day moving average crosses above the 200-day. Historically, this has been followed by short-term gains for ETH, unlike Bitcoin, which sometimes consolidates afterward.
In past instances, Ethereum surged rapidly after a golden cross. During Q1 and Q4 of 2024, the token gained over 35% within four weeks. Similar behavior now could see ETH reclaim the $4,000 mark if momentum sustains.
$ETH golden cross could happen anytime soon.
Does that mean ETH will dump similar to BTC?
Unlike BTC, ETH immediately starts to pump after golden cross.
In Q4 2024, ETH pumped 35% in just 4 weeks.
Something similar happened in Q1 2024 too, which pumped ETH above $4K.
Are you… pic.twitter.com/VaX1o2e8QQ
— Cipher X (@Cipher2X) June 25, 2025
Ethereum remains at a technical crossroads, with a strong focus on the $2,800 barrier. A decisive breakout could attract fresh capital and trigger the next leg of the rally. Volume and market activity are gradually building, suggesting traders are positioning early.
The post Ethereum Targets $4K as Price Holds 50-Day EMA and Golden Cross Looms appeared first on Blockonomi.
Source: https://blockonomi.com/ethereum-targets-4k-as-price-holds-50-day-ema-and-golden-cross-looms/