Ethereum Golden Cross and Elliott Wave Setup Suggest Rally Toward $3,000

Ethereum is trading near $2,520 after a 4% climb in 24 hours, with two bullish technical signals converging. A completed Elliott Wave Double Three correction has established a buying zone between $2,337 and $2,375. Buyers showed up almost exactly where the pattern projected.

A daily golden cross has appeared on Ethereum's chart after a 55.6% drawdown; in the past, this signal preceded a price expansion of over 97.9%. Analysts see a break above $2,550 opening a path toward $2,700, then $2,800 to $3,000.

Some analysts frame Ethereum's recent price action as confirmation that the bear market has ended and that the crypto market is in the early stages of a bull phase. They contend that Bitcoin needs to clear the $82,000 to $84,000 range and Ether needs to push through roughly $3,000 to fully confirm the regime shift.