golden crossover is itself a strong sign

Ethereum (ETH) recently experienced a pause in its upward trend movement, having reached a high of $3,970. This consolidation period came on the heels of a spectacular 25% increase in its price, which was triggered by a breakout from a bullish pattern of a descending triangle pattern on the daily chart. Despite a minor pullback from its recent peak, ETH is now nearing a significant hurdle level at $3,750.

Should Ethereum (ETH) manage to surpass and maintain above this hurdle point, it could probably display a bullish trend to resume, which could potentially leading to additional gains. Meanwhile, the technical tools on the daily chart largely hints at a positive outlook. The price has been above the 200-day EMA that implied that the bullish momentum may continue in the long term.

Moreover, the ongoing 50-day and 200-day EMAs golden crossover is itself a strong sign of an favourable long-term trend. Conversely, the MACD exhibited a bearish crossover, indicating some caution to keep.

The RSI has declined below the 50 level and the 14-day SMA, that shows a momentary weakening in momentum. For confirmation of a sustained upward trend in ETH, it would be wise to observe the RSI's recovery above the median line (DYOR).