Ethereum (ETH) is outperforming Bitcoin with a 6.6% intraday gain as BTC dropped by 2%. A bullish crossover between key EMAs and whales accumulating 190,000 ETH hints $3,000 may be next. ETH value today trades at $2,728 at press time, marking its highest price since February 23. 24-hour trading volumes were up by 24% to $25 billion according to CoinMarketCap data. EMA Crossover Signals $3,000 Ethereum Price Rally Ethereum’s daily chart highlights a bullish crossover of the 20-day and 200-day Exponential Moving Averages (EMAs). This crossover is happening for the first time since November 2024. This technical development hints that the recent uptrend is gaining strength, opening up the possibility of a $3,000 retest. Additionally, the 50-day EMA has converged with the 100-day EMA, serving as a confluence support floor. When a similar crossover happened in November 2024, Ethereum price rose from $3,100 to $4,000 in under four weeks, representing… Read More at Coingape.com
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