According to cryptocurrency analyst Merlijn The Trader, this bullish setup—when the 50-day moving average (MA) crosses above the 200-day MA—has previously led to a strong bullish run for ETH. Now, it has returned.

What Is a Golden Cross?

A Golden Cross is one of the most closely watched bullish technical patterns in trading. It occurs when a short-term moving average (usually the 50 MA) rises above a long-term moving average (usually the 200 MA). This indicates a shift in momentum from bearish to bullish, and historically, this is a strong signal that prices will surge.

Why It Matters for Ethereum

Looking at the chart, Ethereum's most recent Golden Cross—marked at the end of 2024—triggered a bullish run that saw ETH soar above $4,000. After a correction phase and a bearish Death Cross in early 2025, the trend seems to be reversing once again. The most recent Golden Cross formed just a few weeks ago, with Ethereum now trading around $2,500. If history is any guide, the path to a $3,000 ETH price may be wide open.

This setup appears at a time when the broader cryptocurrency market is accelerating. Institutional interest in Bitcoin is spilling over into Ethereum, with the potential for a spot ETH ETF and significant protocol upgrades on the horizon. Combine that with favorable on-chain metrics and improving sentiment, and the next bullish case becomes enticing.

The Bottom Line

A Golden Cross does not guarantee a bullish run—but in the cryptocurrency market, they often mark significant turning points. With Ethereum currently flashing the same signal before a prior breakout, traders and investors should wisely keep an eye on the chart.