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Ethereum prices hover around the resistance level of $1920, and the golden cross signal attracts att

2026-08-15 00:40:08
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Ethereum's key moving average is approaching the "golden cross", but it still faces strong resistance before confirming the trend reversal.

The golden cross pattern is approaching, but the resistance is still solid.

Ethereum's current trading price is about US$1874, and its 50-day moving average is rising at around US$1824; while the 100-day moving average is still falling, close to US$1919. The gap between these two moving averages has narrowed in both directions. If the 50-day moving average exceeds the 100-day moving average, the golden cross condition will be formed.

Golden cross refers to the short-term moving average breaking through the long-term moving average, indicating that recent positive price movements are beginning to affect broader trends. However, analysts view such crosses as lagging indicators and often simply confirm established improvements in price movements.

Ethereum must maintain its recent recovery momentum to break through resistance and push the 50-day moving average upwards to cross the 100-day moving average, thus achieving the golden cross.

Since July, Ethereum has encountered strong resistance in the range of US$1900 to US$1950 many times. A downward resistance line connecting recent highs exacerbates this obstacle. The 100-day moving average ($1919) further strengthens the significance of this range, so breaking through the $1920 to $1950 range is crucial for subsequent gains.

Price: US$1874
Status: Near resistance
50-day moving average: US$1824 (up)
100-day moving average: US$1919 (down)
200-day moving average: US$2132 (main resistance)

Focus on support and breakthrough levels

The momentum indicator shows that neither long nor short has a significant advantage, and the Relative Strength Index (RSI) is close to 49.8, reflecting that the market is in a neutral state. On the downside side, the first key support level is the rising 50-day moving average ($1824). If Ethereum falls below this level, it may slip into the $1750 - 1800 range and may delay the formation of the gold fork.

Even if Ethereum successfully forms a golden cross, the next important obstacle will still be the 200-day moving average (US$2132). This long-term trend line has historically been a key level in confirming broader market shifts.

Although the appearance of the Golden Cross may enhance market confidence in the continued recovery of Ethereum prices, analysts pointed out that breaking through the resistance level above $1950 is crucial for this technical form to support a sustainable bullish trend.

If Ethereum stabilizes above $1950, Jincha may just strengthen an already strong structure rather than signal its own upward momentum.

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