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Crypto

Ethereum Seeks Golden Cross Breakthrough Amid Resistance

Guavy AI Editorial Team
Instruments
ETH
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Ethereum is nearing a potential golden cross, where its 50-day moving average may surpass its 100-day moving average, indicating a positive trend.

However, ETH must first break through resistance around $1,920-$1,950 to confirm this bullish signal.

Currently trading near $1,874, Ethereum's momentum is neutral, and failure to surpass resistance could delay the crossover and expose it to lower support levels.

If the golden cross does occur, Ethereum will still face a major test at its 200-day moving average near $2,132.

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