Golden Cross Appears on ETH Chart—Will History Repeat?
In a tweet posted by Merlijn The Trader, the signal is flashing now—just like it did before a previous major price surge.
What’s Happening?
A Golden Cross occurs when the 50-period moving average (MA) crosses above the 200-period moving average. It’s often seen as a bullish indicator, signaling a potential shift toward an uptrend.
According to Merlijn, the last time this pattern appeared, Ethereum saw:
A minor dip
A major pump on Day 11
Ethereum is now on Day 10 of that same setup
What the Charts Show
Two charts shared in the tweet show similar setups:
On the left: a historical Golden Cross followed by a rapid rally above $4,000
On the right: the current 12H chart, showing the same crossover pattern forming now
Both charts use the 50 MA (white) and 200 MA (yellow) for visual confirmation.
What’s Next?
If history repeats, tomorrow could be liftoff for ETH. While past performance doesn’t guarantee future results, many traders are watching this setup closely.
The post Golden Cross Appears on ETH Chart—Will History Repeat? appeared first on Coindoo.
Filed under: Bitcoin - @ May 28, 2025 2:19 pm