Ethereum Shows Potential Bullish Momentum After Golden Cross Breakout Amid Market Uncertainty

Key Points

1. Ethereum's golden cross breakout, with the 50-day EMA crossing above the 200-day EMA, signals renewed bullish momentum, accompanied by a 10% daily gain and 26% weekly increase.

2. Technical indicators like RSI (80.3) and ADX (29) reinforce the bullish outlook, with potential price targets between $3,750 and $4,000.

3. Altcoin market capitalization rose 2.77% to $3.8 trillion, with Ethereum's market share increasing to 10.4%.

4. SPX6900, a Solana-based meme coin, surged nearly 20% in 24 hours, with technical indicators suggesting potential for further gains.

5. The broader crypto market shows resilience, with Ethereum leading the charge and meme coins like SPX6900 highlighting market volatility and opportunities.