Photo: on the left, the price of Bitcoin in TrainingView; On the right, the price of cryptocurrencies in Coingcko.
He Etheerum Prize He formed a classic signal in his graph. It’s a Golden crossA well -known term of technical analysis.
Today we are going to tell you what is really a golden cross and what possibilities there is Ethereum Break soon.
What is a golden cross?
And cross Dorado occurs when the average short -term price line (Average mobile) (By climbing), cross the highest price average.
What a language twenty, but we will explain it. First of all, we will show you the graphic, because you can see for yourself what we mean:
These average price line lines (mobile price socks) are calculated by dividing all the prices of a specific period in time. Suppose the day before was $ 2, yesterday at $ 3 and today at $ 4. Then, the single mobile average at three days is located today at: 2 + 3 + 4/3 = 3.
Consequently, the 50 SMA is a line which represents the average price of 50 days and the 200 SMA represents the average price of 200 days. The orange circle indicates the golden cross. You can see that SMA 50’s blue line crosses the Red Line of SMA 200.
This means that the short -term price exceeds the long -term price. When the two lines meet in these circumstances, it is a historically very important sign which indicates that a sharp increase in prices can be about to get started. However, the emphasis is on the “possible”, nothing is certain.
Analysts speak
Merlin the merchant revealed in X that he had also noticed this golden cross and for him Ethereum sends a clear sign. This indicates that the next price development could be a break towards higher levels. It indicates the historical perspective of a golden cross and that intimidators often start with a gold crossing.
Another analyst, Pampa1, published and binance That in the previous golden cross of Ethereum, the price increased by 35% in two weeks. The price increased by about $ 3,000 to $ 4,000 between December 4 and 16, 2024.
Cryptunez underlined in x These applications in Solana generated $ 1.3 billion more than Ethereum applications, exposing a problem with Ethereum. There is very little income in Ethereum because too much income is diverted from Ethereum by networks built on ETH, such as arbitrum or optimism. This is called layer 2 – a second layer in the Ethereum network.
Rex underlines this story in x To say that layer 2 is not at all optimistic for the price of Ethereum shares. In fact, the blockchains They support Ethereum tend to stay under the price of Ethereum shares.
Does this golden cross mean something?
Since then in the previous one rump Dorada The price of the action increased by 35%, you could say yes. But it was at a different time. The prices of all the parts have increased a lot, while at that time, the Altcoins bleed.
Since Ethereum is also an altcoin, we must not expect the price suddenly to increase despite the golden cross. To do this, Bitcoin must first leave its lateral movements. It remains to be seen if it will happen soon.
If Bitcoin continues to move laterally during the next period, this golden cross could be nothing. In any case, it is practical to be careful, because the omens are less brilliant than they seem.
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