{"id":25738,"date":"2024-12-04T16:00:39","date_gmt":"2024-12-04T16:00:39","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=25738"},"modified":"2024-12-04T16:00:39","modified_gmt":"2024-12-04T16:00:39","slug":"ethereum-price-is-about-to-confirm-a-golden-cross-on-the-daily-time-frame-heres-what-happened-last-time","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=25738","title":{"rendered":"Ethereum Price Is About To Confirm A Golden Cross On The Daily Time Frame, Here\u2019s What Happened Last Time"},"content":{"rendered":"

Crypto analysts have revealed that the Ethereum price is about to confirm a golden cross<\/a> on the daily time frame. This provides a bullish outlook for Ethereum, as it enjoyed a parabolic rally the last time this happened.\u00a0<\/p>\n

Ethereum Price To Confirm Golden Cross, What Next?<\/h2>\n

In an X post, crypto analyst Tony Severino<\/a> mentioned that the Ethereum price is heading to a golden cross this week. This golden cross occurs when a short-term moving average (MA), like the 50-day MA, crosses a long-term MA, like the 200-day MA. This typically indicates that the crypto in question is set to enjoy a long-term upward trend.\u00a0<\/p>\n

Crypto analyst Charting Guy also confirmed this development for the Ethereum price and provided insights into what happened the last time Ethereum witnessed this golden cross. In an X post, the crypto analyst shared a chart that showed what happened combined with the fractal from that time.\u00a0<\/p>\n

Coincidentally, the last time the Ethereum price confirmed this golden cross on the daily timeframe was between November and December last year. Following the Golden Cross, Ethereum rallied<\/a> from around $1,800 last year to a local top of around $3,600 in March earlier this year.\u00a0<\/p>\n

If history were to repeat itself, the Ethereum price could again witness such a sustained upward trend into the new year. Charting Guy\u2019s<\/a> accompanying chart showed that Ethereum could rally to as high as $8,000 sometime between March and May next year. Ethereum is already showing signs of an upward momentum, having rallied these last few days while Bitcoin consolidates.\u00a0<\/p>\n

The Ethereum price has already reclaimed the local top of $3,600 from earlier in the year. Meanwhile, Blockchain Center data<\/a> shows that it is already altcoin season. This is when Ethereum and other altcoins record significant gains while Bitcoin\u2019s dominance<\/a> cools off. For context, over 75% of the top 50 crypto have outperformed BTC in the last 90 days.\u00a0<\/p>\n

Breakout And Then Moon<\/h2>\n

In an X post, crypto analyst Titan of Crypto<\/a> suggested that an Ethereum price breakout was imminent. He stated that once ETH escapes the 3-year symmetrical triangle, it will rally to new heights. The analyst\u2019s accompanying chart showed that Ethereum could surpass its current all-time high (ATH) at $4,800 and rally as high as $7,000.\u00a0<\/p>\n

Crypto analyst Venture Founder also made a similar $7,000 prediction for the Ethereum price. This came as he highlighted a giant cup and handle<\/a> triangle that has been forming for Ethereum since 2021. The analyst added that ETH could explode once it confirms the breakout above the $3,800 range.\u00a0<\/p>\n

At the time of writing, the Ethereum price is trading at around $3,670, up in the last 24 hours, according to data<\/a> from CoinMarketCap.\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

Crypto analysts have revealed that the Ethereum price is about to confirm a golden cross on the daily time frame. This provides a bullish outlook for Ethereum, as it enjoyed a parabolic rally the last time this happened.\u00a0 Ethereum Price To Confirm Golden Cross, What Next? In an X post, crypto analyst Tony Severino mentioned […]<\/p>\n","protected":false},"author":0,"featured_media":25739,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-25738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25738"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25738"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25738\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/25739"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}