Ethereum ($ETH ) is once again nearing a major technical milestone known as the “golden cross,” a bullish signal that has previously led to significant price gains. This setup occurs when the 50-day moving average crosses above the 200-day moving average, often indicating a strong upward momentum in the market.
The last time Ethereum formed a golden cross, it rallied approximately 35% within just a few weeks. As traders and analysts monitor the charts closely, many are wondering if history is about to repeat itself.
What Happened Last Time?
During the previous golden cross, Ethereum’s price reacted strongly. The crossover acted as a catalyst for bullish sentiment, encouraging both retail and institutional investors to enter the market. Within a short timeframe, ETH posted significant gains, reinforcing confidence in technical trading patterns.
While past performance doesn’t guarantee future results, such patterns are widely followed in the crypto community due to their historical reliability.
Why This Golden Cross Matters Now
This golden cross is forming at a critical time for the broader crypto market. With Ethereum recently showing resilience and Ethereum ETFs gaining attention, a confirmed bullish pattern could bring fresh buying pressure.
Moreover, with altcoin season potentially on the horizon, a technical breakout in $ETH
could set the stage for wider market movement. Traders should watch for confirmation and volume spikes to validate the trend.
