Ethereum Defends $2.5K as Traders Eye Looming ‘Golden Cross’ Signal

Ethereum is currently consolidating between $2,500-$2,540 amid decreasing volume, indicating accumulation. It remains below the key resistance level of $2,800, with traders awaiting a potential breakout towards $3,000. Staking activity has surged, with over 35 million ETH locked, which may limit supply in a volatile market. Analysts suggest a 'golden cross' may be forming, a bullish sign historically linked to upward trends. Recent price movements feature a strong support zone at $2,490-$2,500 and a notable recovery pattern after brief downturns. For more insights on Ethereum's market trends, stay informed! This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk