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BTC 
ETH Ethereum has a bullish "golden cross", with analysts predicting that ETH will climb to the US$3,000 to US$3,500 range.
The cryptocurrency community is pleased to see that the prices of Bitcoin (BTC) and Ethereum (ETH) have rebounded to above US$80,000 and US$2,500 respectively. Currently, market sentiment is high, and investors generally expect that the prices of bitcoin and altcoin will rise further and reoccupy a higher price range. As a pioneering altcoin, Ethereum has recently seen a bullish "golden fork" pattern. Will the price of ETH continue to rise?
Ethereum shows a bullish "golden cross" signal
According to analysis data from CoinMarketCap, in the past 24 hours, the prices of Bitcoin and Ethereum have experienced impressive increases after a brief and stable correction. Currently, BTC prices have increased by 3.84%, while ETH prices have increased by more than 4%. This is good news for both pioneer crypto assets and pioneer altcoin assets. The steady rise in the prices of these two major assets often also drives the price performance of multiple other altcoins.
Since the prices of BTC and ETH broke through multiple resistance levels, bullish analysts have confirmed that the bear market is over and the crypto market is currently at the beginning of an early bull phase. On this basis, these analysts believe that BTC and ETH need to exceed certain price levels to fully confirm the start of the bull market. These key target prices are in the US$82,000 to US$84,000 range for BTC and around US$3,000 range for ETH.
Prices of both assets fell slightly yesterday, leading many to believe it was a common weekend correction. But today, prices for both rose again, fueling bullish sentiment. Currently, experts are watching whether these assets can confirm the official start of the bull market or whether there will be a weekend correction.
Will ETH prices continue to climb?
Currently, an analyst is closely watching the price trend of ETH because ETH needs to hit a slightly higher target range of US$3,000 to US$3,500. In addition, if ETH prices can reach higher targets, this move will also drive multiple other altcoin assets to rise simultaneously. Based on the analyst views in the above post, ETH's price chart shows that Ethereum has formed a bullish "golden fork" pattern.
The analyst further pointed out that ETH has just formed a "golden cross" on the daily chart after experiencing a 55.6% retracement. The last time Ethereum confirmed this moving average crossing after a plunge of about 50%, ETH's price subsequently expanded by more than 97.9%. Current price movements show technical signs of repeating historical trends. If we can hold on to the key support level of $2,400, it will open a roadmap for reaching $3,000,$4,000 and even new all-time highs (ATH). If historical momentum continues, the market structure is conducive to multi-stage bull market expansion.
