Ethereum's chance, Ethereum is on the cusp of a potentially technical advancement: the creation of a golden cross. The setup is growing more likely every day as the 50-day moving average quickly approaches the 200-day moving average. The crossover will probably occur unless there is a significant correction in ETH over the next week, which historically indicates the beginning of a mid- to long-term bullish trend. Ethereum, which is currently trading at about $2,521, has proven to be very resilient despite recent market volatility. After recovering from the lower edge of a clearly defined ascending channel, the asset has continued to trade above its 100 EMA. This rebound was not an accident, rather, it serves as further evidence that these areas are still seen by market players as good places to accumulate.