🚨 Ethereum's Comeback? Bulls Eye $1,850 – Here's What You’re Missing!
Golden Cross on ETH – what’s next?
Ethereum is gaining momentum again after a recent correction, now trading above $1,700. With a 12.2% rise over the past week, market sentiment is shifting. While ETH is still down around 63% from its 2021 peak of $4,878, analysts are optimistic — and new Ethereum price prediction are beginning to trend bullish.
Key Bullish Signals Emerging
Ethereum has recently shown some classic bullish technical patterns. The most notable is the Golden Cross — a signal that appears when the short-term moving average crosses above the long-term one. It often suggests a trend reversal and has historically preceded strong rallies.
ETH is currently trading near $1,776.
It has also moved into the lower band of the Ichimoku Cloud, an area that often hints at trend reversals.
Another bullish sign: the Tenkan-Sen (blue line) has crossed above the Kijun-Sen (red line), reinforcing the Golden Cross signal. If ETH clears the upper cloud resistance, prices could climb toward $1,850.
Whale Activity Signals Caution
Despite the bullish indicators, whale movements are raising concerns:
A wallet linked to the Ethereum Foundation transferred 1,000 ETH (worth $1.58 million) to Kraken.
Another whale borrowed 15,000 ETH and sold it for nearly $25 million in USDT, likely taking profits after the rally.
These large-scale moves have created fears of short-term selling pressure in the market.
Also read: XDC Network Price Prediction 2025, 2026 – 2030
On-Chain Metrics Suggest Accumulation
Ethereum’s MVRV pricing bands show it trading at $1,588 — below its estimated fair value of $1,981. Historically, this range has attracted accumulation and marked previous market bottoms.
Though ETH/BTC remains near multi-year lows at 0.01835, renewed interest in Ethereum’s network and rising developer activity may spark a trend reversal.
All signs suggest Ethereum could be preparing for its next breakout — but short-term volatility may still be on the cards.