Ethereum’s 2025 Golden Cross follows a multi-year decline, mirroring the 2020 bullish crossover.
ETH price rose 7.73% to $4,198.75, while BTC gained 0.17% to $117,115.30.
MACD confirmed momentum shift, with Ethereum showing sustained upward movement against Bitcoin post-crossover.
The Ethereum-to-Bitcoin trading chart covering 2019 through 2026 has confirmed a bullish crossover event. After a Golden Cross play early 2020, a new one has been revealed in mid-2025. Confirmed by the Moving Average Convergence Divergence (MACD) indicator on a three-week timeframe, each Golden Cross came after an extended period of price decline for Ethereum against Bitcoin.
Early 2020 Golden Cross and Price Movement
Confirmed via an analysis by Merlijn The Trader,it is notable that in the early 2020, Ethereum’s price against Bitcoin registered a clear Golden Cross. The MACD line crossed above the signal line during the same period.
Source: X
This alignment showed a shift in momentum favoring Ethereum. Price action became solid immediately afterward, with Ethereum surging strongly against Bitcoin over the next several months. The uptrend continued steadily, carrying into 2021.
The peak came in 2021, when ETH attained its highest point in BTC terms for this cycle. This strong run followed a long phase of sideways and upward trend after the crossover. The MACD histogram stayed positive for most of this period, reflecting bullish pressure in Ethereum’s favor.
Downtrend from 2021 to Mid-2025 Golden Cross
After the 2021 peak, Ethereum began losing ground to Bitcoin. From mid-2021 to 2024, the chart recorded lower highs and lower lows. The trend held without any major bullish signals during that stretch.
By early 2025, Ethereum’s price relative to Bitcoin reached its lowest level in several years. During this dip, both price and indicators maintained downward pressure, with no crossover signals appearing on the MACD. The extended sell-off set the stage for the next technical shift.
In mid-2025, the chart displayed another Golden Cross. This crossover occurred at a lower price level compared to 2020. At the same time, the MACD line moved above the signal line, with the crossover happening below the zero level. Shortly afterward, the MACD histogram turned positive.
What is the Current ETH/BTC Price Action?
Following the 2025 Golden Cross, Ethereum’s price in Bitcoin terms climbed rapidly. A comparative view between the both assets reveals that Ethereum traded at $4,198.75, up 7.73% over the past day. Ethereum’s intraday trend showed steady upward momentum beginning on August 8.
Source: CoinMarketCap
On the other hand, Bitcoin traded at $117,115.30, gaining 0.17% in the same 24-hour period. Ethereum’s price rose 7.10% in that timeframe, supported by $51.84 billion trading volume. Bitcoin’s movement remained comparatively stable with minimal fluctuation. Ethereum’s market cap stood at $506.82 billion, up 7.72%, with price action maintaining elevated levels into late-day trading.
The 2025 Golden Cross appeared earlier in the cycle than the 2020 event. Historical data from this chart shows that both Golden Crosses emerged after prolonged downtrends. The current trajectory reflects continued upward movement in Ethereum’s Bitcoin pairing since the most recent crossover.
