A popular trader has flagged a potentially explosive setup for Ethereum: the appearance of a Golden Cross on the 12-hour chart.
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.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/golden-cross-appears-on-eth-chart-will-history-repeat/
