Pioneer Altcoin Ethereum Prints Bullish Golden Cross, Will the Price of ETH Continue to Climb?

• Pioneer altcoin Ethereum prints bullish golden cross.
• Analysts expect ETH to surge between $3,000 and $3,500.
• Will the price of ETH continue to climb?

The crypto community rejoices to see the price of Bitcoin (BTC) and the price of Ethereum (ETH) both climb back up over the $80,000 and $2,500 prices, respectively. At the moment, sentiments are high for both Bitcoin and altcoin prices to surge back up to reclaim higher price ranges. Presently, pioneer altcoin Ethereum prints bullish golden cross, will the price of ETH continue to climb?

Pioneer Altcoin Ethereum Prints Bullish Golden Cross

According to CoinMarketCap analytics, over the last 24 hours, the prices of Bitcoin and Ethereum have both experienced an impressive surge in prices after a short steady dip. At the moment, the price of BTC is up by 3.84% and the price of ETH is up by over 4%. This bodes very well for both the pioneer crypto asset and the pioneer altcoin asset. A steady rise in both prices often ripple across multiple altcoin price performances as well.

Ever since both BTC and ETH prices surged to break past multiple resistance levels, bullish analysts went on to confirm that the bear market had ended and that the crypto market is currently in the start of the early bull market phase. From here, these bullish analyst believe both BTC and ETH need to surpass certain price levels to fully confirm the start of the bull market phase. 

These levels sit at the $82,000 – $84,000 price range for BTC and around the $3,000 price range for ETH. Yesterday, the prices of both assets dipped slightly, leading to many believing that a weekend dip was playing out. But today, the prices of both assets went up once again, leading to a rise in bullish sentiments. Now, experts wait and watch if these assets can confirm the official bull market start, or if a weekend dip will arrive instead.   

Will the Price of ETH Continue to Climb?

At the moment, one analyst is looking closely at the price of ETH, as ETH needs to hit slightly higher targets between $3,000 and $3,500. What’s more, if the price of ETH can hit higher targets, the move it makes would lead to several altcoin assets to surge as well. According to the analyst in the post above, the ETH price chart showcases how Ethereum has printed a bullish golden cross. 

The analyst goes on to state that ETH has just printed a daily Golden Cross after suffering a 55.6% drawdown, and the last time Ethereum confirmed this exact moving average cross following a 50% crash, the price  of ETH expanded by over 97.9%. The current price action shows technical signs of repeating that historical rally Holding above $2,400 opens a roadmap toward $3,000, $4,000, and new ATH targets as well. If historical momentum holds, market structure favors a multi-stage bull expansion. 

Source: www.bitget.com