Skip to content
- Ethereum forms a Golden Cross, a bullish signal where the 50-day moving average crosses above the 200-day, often preceding major rallies.
- ETH is trading around $2,591, with analysts eyeing a potential breakout to $3,000 amid growing market momentum.
- On-chain metrics, rising network activity, and renewed ETF speculation are reinforcing bullish sentiment.
Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, has just triggered a classic bullish technical signal that traders have come to revere: the Golden Cross. This development could be an early sign of a major price surge, echoing a similar setup that occurred before ETH’s explosive rally to over $4,000 in late 2024.
A Golden Cross forms when the 50-day moving average crosses above the 200-day moving average, indicating a potential shift from bearish to bullish momentum. It is one of the most closely watched patterns in technical analysis, often viewed as a confirmation that a long-term uptrend may be underway. This crossover doesn’t guarantee gains, but historically, it has preceded significant price increases, especially in volatile markets like crypto.
According to respected crypto analyst Merlijn The Trader, Ethereum’s latest Golden Cross could be the start of another strong upward trend. The last time this pattern appeared, ETH staged a powerful rally, climbing past the $4,000 mark. Following that breakout, however, Ethereum entered a cooling-off phase in early 2025, culminating in a Death Cross, which signaled the start of a temporary downtrend.
Now, Ethereum has returned to the spotlight with a new Golden Cross that formed just weeks ago. At the time of writing, ETH is trading around $2,591, and market watchers are speculating whether this technical signal could once again serve as the launchpad for a fresh rally. Many are eyeing the $3,000 level as the next key milestone, should bullish momentum continue to build.
Ethereum Set for Rally as On-Chain Metrics Improve
This technical setup is emerging amid growing strength across the broader cryptocurrency market. Institutional interest in Bitcoin is reaching new heights, and that enthusiasm is increasingly spilling over to Ethereum. With renewed talks of spot Ethereum ETFs, alongside major protocol upgrades such as the upcoming “Purge” phase of Ethereum 2.0, investors are beginning to position themselves for what could be the next major leg up.
Adding to the optimism are favorable on-chain metrics, rising network activity, and improving market sentiment. These fundamentals, combined with the historical significance of the Golden Cross, are reinforcing bullish expectations.
While no technical pattern is infallible, Golden Crosses in the crypto market have often marked turning points. For Ethereum, this may be more than just a technical anomaly; it could be the signal that the bulls are back in charge.
Ethereum’s latest Golden Cross has reignited bullish hopes in the crypto community. With historical precedent, market momentum, and broader investor interest aligning, ETH could be setting up for another breakout, possibly taking aim at the $3,000 mark in the weeks to come.
Related | XRP Futures Launch on CME Sparks ETF Optimism and Institutional Interest
