As Ethereum Price Approaches a Daily Golden Cross, Here's What Happened Last Time

Ethereum is set to confirm a daily golden cross, according to crypto specialists. Ethereum had a parabolic spike last time, therefore this is encouraging.

Ethereum Price Confirms Golden Cross, Now What?
Crypto expert Tony Severino predicted a golden cross for Ethereum this week in an X article. A golden cross happens when a 50-day MA crosses a 200-day MA. This usually means the coin will rise long-term.

Charting Guy validated this Ethereum price development and explained what occurred the previous time Ethereum saw this golden cross. The crypto expert posted a graphic on X showing what transpired and the fractal.

Interestingly, the Ethereum price last validated this golden cross on the daily period in November and December last year. Ethereum rose from $1,800 last year to $3,600 in March after the Golden Cross.

Ethereum might rise again in the new year if history repeats itself. Charting Guy's chart revealed Ethereum might reach $8,000 between March and May next year. Despite Bitcoin consolidating, Ethereum has risen in recent days.

Ethereum has recaptured its $3,600 local high from earlier this year. Blockchain Center data reveals altcoin season has begun. Ethereum and other cryptocurrencies take off as Bitcoin loses steam. More than 75% of the top 50 cryptos outperformed BTC in the last 90 days.

Breakout, then Moon

Titan of Crypto predicted an Ethereum price breakthrough in an X article. Once ETH exits the 3-year symmetrical triangle, it will rise, he said. Ethereum might cross its $4,800 ATH and reach $7,000, according to the analyst's graphic.

Crypto expert Venture Founder predicted $7,000 for Ethereum. He pointed to Ethereum's massive cup-and-handle triangle since 2021. The expert said ETH might explode if it breaks $3,800.

Ethereum is now trading at $3,670, up in the previous 24 hours, according to CoinMarketCap.

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