Ethereum's Price Momentum Continues with Golden Cross and Institutional Interest

Ethereum (ETH) has been experiencing an upward trend in its price, which has garnered attention from analysts and investors alike. According to popular analyst Ali Martinez, a 'golden cross' pattern has formed on the asset's chart, indicating a potential bullish scenario.

The golden cross is characterized by the 50-day moving average crossing above the 200-day moving average. This setup is often seen as a buy signal in technical analysis. In this case, the formation of the golden cross could potentially lead to a rally in Ethereum's price.

One possible target for this potential rally is $2,680, which represents a 12% increase from current levels. Another analyst, Max Crypto, has also pointed out that ETH has an unfilled CME gap at around $2,680, which could contribute to further price appreciation.