Ethereum has staged a strong August recovery, breaking out of the $1,900 region and trading around $2,500. ETH crossed its short- and medium-term moving averages and reclaimed the long-term trend line near $2,150, which had previously acted as dynamic resistance for months. The shorter moving averages between $1,990 and $2,015 have started curving upward, and ETH is now trading about 16% above them.
A golden cross is forming as shorter-term averages begin to rise above longer-term ones, often indicating that recent price momentum has outpaced the broader trend. However, the signal is lagging: Ethereum has already gained roughly $600 from its August consolidation before the crossover has fully developed. The RSI is around 76, in overbought territory, and ETH has failed to break decisively above the $2,500–$2,550 resistance zone.
If ETH moves clearly above $2,550, it could target $2,600 and potentially $2,700, with the golden cross serving as confirmation rather than the initial trigger. On the downside, $2,400 is the first support to watch, while a deeper correction could push ETH toward $2,200–$2,150, where the long-term moving average may provide support.
