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Golden Cross Emerges on Ethereum Chart — Could History Repeat Itself?

A well-known trader has identified a promising setup for Ethereum with the appearance of a Golden Cross on the 12-hour chart.

In a recent tweet by Merlijn The Trader, this bullish signal is currently active—just like during a previous significant price rally. A Golden Cross happens when the 50-period moving average (MA) crosses above the 200-period MA, often indicating a potential shift to an upward trend.

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Recap of the Previous Move

Merlijn points out that the last time this pattern occurred, Ethereum experienced:

  • A small initial dip
  • Followed by a strong price surge on Day 11
    Ethereum is currently at Day 10 of this same pattern

Chart Comparison

The tweet includes two charts illustrating similar scenarios:

  • On the left: the historical Golden Cross leading to a swift rally past $4,000
  • On the right: the current 12-hour chart, showing the same crossover forming

Both use the 50 MA (white) and 200 MA (yellow) to confirm the pattern visually.

What Could Happen Next?

Ethereum might see a strong upward move if the pattern repeats as soon as tomorrow. While past trends don’t guarantee future results, this setup is attracting close attention from many traders.

Simonas Brazionis

Blockchain Expert

Simonas is a crypto and blockchain expert with 6 years of experience. Passionate about the industry he educates others on blockchain technology, and continuously expands his knowledge. He has helped many newcomers understand crypto, navigate investments, and stay informed about trends like DeFi and NFTs.