Ethereum price is up today after establishing strong support around $3,000, and an imminent “golden cross” could potentially push prices above $4,000.
Ethereum’s native token, Ether (ETH), has consolidated between $3,000 to $3,250 over the past seven days. Now, the world’s biggest altcoin is eyeing the next leg up toward $4,000.
As illustrated below, Ethereum has been up 9.65% over the past 24 hours, recovering a bullish position above the 50-day EMA level on the 4-hour chart. Ether is looking to retest its immediate resistance at the previous local high of $3,449.
Ethereum 4-hour chart. Source: TradingView
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