ETH Clings to $2.5K Support Amid Buzz Around Potential ‘Golden Cross’ Formation

Ethereum Steadies Around $2,500 as Traders Watch for Bullish Momentum

Ethereum is holding its ground despite geopolitical tensions rattling global markets, with price action suggesting a phase of accumulation that could set the stage for a rebound.

Over the past several days, ETH has established a tight trading range between $2,500 and $2,540. Declining volumes indicate a lack of panic selling, while persistent resistance remains near the $2,800 mark—a crucial ceiling ETH has tested repeatedly this month. Traders are waiting for a breakout that could open a path toward $3,000.

Meanwhile, on-chain data paints a bullish backdrop: staking has surged to record levels, with more than 35 million ETH locked away. This effectively reduces circulating supply, potentially adding fuel for future price appreciation, even as geopolitical tensions between Israel and Iran continue to stir volatility across broader markets.

Adding to the optimism, technical analysts are eyeing a possible “golden cross”—a bullish pattern where the 50-day moving average crosses above the 200-day average. Historically, such signals have preceded significant rallies in ETH prices.

Key Technical Observations:

ETH traded in a 24-hour range of 4.05% ($106.11), sliding from $2,564.28 to a low of $2,455.95 before recovering.
Strong buying support has consistently emerged in the $2,490–$2,500 zone, creating a solid technical floor.
Price action consolidated in the $2,500–$2,540 region late in the session, with diminishing volume signaling accumulation.
A notable bullish move occurred around 11:43, propelling ETH from $2,506 to $2,517 on surging volume (from ~5,876 to over 8,096 units).
Selling pressure appeared near $2,515, triggering a retracement into a descending channel and briefly sending prices to $2,503 between 12:19 and 12:22.
Lower timeframes show a V-shaped recovery, cementing the $2,503–$2,504 range as crucial near-term support.

Overall, Ethereum’s technical picture remains cautiously bullish, with traders waiting for a decisive move to determine the next leg of the market’s trajectory.