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Ethereum Golden Cross Approaching – Will History Repeat?

  • Ethereum faces volatility amid Israel-Iran tensions but holds above $2,500, eyes $2,675 resistance for breakout to $3,000.
  • Market sentiment divided on Ethereum short-term direction; golden cross impending with potential bullish impact, historically driving 35% price surge.
  • Ethereum's tight range of over six weeks reflects uncertainty; $2,500 support key amid geopolitical risks.
  • To resume momentum, Ethereum needs to break above $2,750-$2,800 resistance to start a bullish trend towards $3,000.
  • If bulls secure $2,675 and golden cross confirms, ETH could initiate a strong breakout phase, boosting altcoin market sentiment.
  • ETH trading above $2,500 but struggles with $2,675-$2,700 resistance, maintaining near-term support at $2,575 with potential drop to $2,500.
  • Consolidation phase evident with 50 and 100 moving averages flattening, signaling market indecision and lower volume.

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