ETH surged 90% last time this signal appeared – Will history repeat?
Ethereum has simply printed a contemporary Golden Cross, as highlighted in a chart shared by @MerlijnTrader on X (previously Twitter).
The 50-day transferring common has crossed above the 200-day transferring common — a sample that beforehand preceded a virtually 90% rally in late 2024.
Supply: X
After a bearish demise cross earlier this 12 months triggered a chronic downtrend, this renewed sign is catching merchants’ consideration.
With ETH now holding above $2,500, market contributors are watching carefully to see if historical past is about to repeat.
What occurred final time?
The earlier golden cross occurred in early November 2024.
Following the sign, Ethereum surged from round $1,800 to a peak close to $3,400 by late December — marking a acquire of roughly 89% in slightly below two months.
The transfer wasn’t pushed by technicals alone. This rally coincided with mounting anticipation round spot Bitcoin ETF approvals within the U.S., which fueled broad optimism throughout crypto markets.
Elevated institutional curiosity, coupled with rising Ethereum staking deposits, added to the bullish strain and helped maintain the rally into year-end.
Again to bull?
Supply: Cryptoquant
Ethereum trade reserves have dropped to 18.7 million ETH, the bottom in over a 12 months — an indication of sustained outflows and potential accumulation.
Supply: Coinglass
On the identical time, Funding Charges simply barely unfavorable, suggesting that the present rally isn’t being pushed by overly aggressive lengthy hypothesis.
This wholesome backdrop of declining provide and impartial leverage provides credibility to the golden cross sign and reduces the probability of a pointy correction.
