Ethereum’s Golden Cross Signals Major Rally – Is This the Start of a New Crypto Bull Run?

Ethereum just flashed a bullish golden cross—and traders are scrambling to front-run the next leg up.

Here's why this technical pattern could ignite ETH's next surge.

Golden crosses occur when a 50-day moving average punches above the 200-day—a classic buy signal that's preceded every major ETH rally since 2020. This time? The crossover arrives as Ethereum claws back from its June lows, with network activity spiking and institutional money creeping back in.

But before you mortgage your house for ETH calls—remember that golden crosses work until they don't. The last two occurred right before 30% corrections (thanks, Fed). Still, with staking yields holding firm and the ETF hype cycle starting, this could be the setup crypto degens live for.

Just don't tell your financial advisor we told you to ape in.

Golden Cross Lights Up Ethereum Chart

Examining recent price performance, it is observed that the Ethereum technical landscape just came alive, reviving market Optimism with a typical bullish signal. Melijn The Trader, a seasoned crypto expert and investor, reported this bullish signal in a post on X, which hints at a potential reversal of an upward trend.

Specifically, this key positive signal is a Golden Cross. A Golden Cross is considered a bullish indicator that occurs when the short-term moving average climbs above the long-term one. It is a crucial signal that is capable of flipping a trend from the downside to the upside.

According to Melijn The Trader, the golden cross has appeared in the 1-day time frame chart after a period of waning price action. This signal, in alignment with recent upswings, indicates growing momentum that is likely to pave the way for the next substantial rally to higher price levels.

Looking at the daily chart, ethereum flashed the golden cross just a little above the critical $2,500 price mark. Melijn The Trader highlighted that this point is where bull markets tend to kick off, and history does not take it lightly.

Considering the fact that a golden cross is a bullish development, Melijn The Trader claims that ETH is currently sending a clear signal about a breakout to the upside. With prices presently rising and technical indicators flashing positive signals, the expert is confident that the next leg is not a matter of if, but when.

ETH Bounces After Retests Key Trend Line

Melijn The Trader has also delved into the 2-day time frame chart of Ethereum, revealing that the altcoin is gearing up for a rally. The analyst has identified a descending resistance trendline and an ascending support trendline, currently determining the next potential direction of ETH.

A look at the chart shows that Ethereum recently broke above the descending resistance trend. However, ETH failed to initiate a rally, which led to a period of consolidation within the $2,200 and $2,700 price range.

Currently, the altcoin just nailed a retest of the descending resistance trend line and has bounced perfectly off the line. ETH’s rebound from the trend line points to signs of rally continuation, with Melijn The Trader noting that this is where the next wave will begin.

While the altcoin prepares for a liftoff, the expert stated that the market is watching this key signal. However, only a few are positioned for the impending leg-up.