Bitcoin News Today: Ethereum's 3-Week MACD Golden Cross Signals Potential Bitcoin Reversal

Ethereum is showing early signs of a potential reversal in its performance relative to Bitcoin, following the confirmation of a rare three-week MACD golden cross. According to analyst Merlijn The Trader, this event—seen only once per market cycle—last occurred in early 2020 before a major Ethereum rally against Bitcoin. The signal is now reappearing, suggesting a similar trend could be unfolding once again [1].

The ETH/BTC pair has rebounded to 0.03353 BTC, marking a 9.47% gain over the past three weeks. This recovery is supported by a key support level at 0.030 BTC, with potential price targets as high as 0.070 BTC if bullish momentum continues. The move comes after a prolonged downtrend that saw the ratio fall to 0.018 BTC in early 2025, following a similar low in mid-2022 [1].

The technical confirmation of the golden cross is also reflected in the MACD indicator, where the blue line has crossed above the orange signal line from deeply negative territory. This pattern closely resembles the 2020 setup, which preceded a multi-month bullish phase for Ethereum. Analysts have noted that the current technical conditions are arguably stronger due to clearer fundamentals and increased participation from institutional investors [1].

Ethereum’s recent performance has also drawn comparisons to a potential inverse head and shoulder pattern on the daily chart, a classic reversal formation in technical analysis. If confirmed, this pattern could reinforce the case for a sustained rally against Bitcoin [4]. However, analysts caution that while the golden cross is a significant signal, it should not be the sole basis for trading decisions. Broader macroeconomic and regulatory developments can still influence the market, and traders should look for additional price confirmations before entering positions [4].

Merlijn The Trader emphasizes that the current setup favors Ethereum’s medium-term strength relative to Bitcoin. If the pair maintains momentum above the 0.030 BTC level, it could signal a shift in market dynamics, with Ethereum potentially reclaiming a stronger position in the broader crypto ecosystem. However, any move below 0.025 BTC could undermine the bullish case, highlighting the importance of monitoring key technical levels [1].

Historically, higher timeframe golden crosses like the three-week MACD have carried significant weight in trend analysis. The 2020 cycle remains a key reference point for traders, and if history repeats, Ethereum could experience a strong and sustained outperformance against Bitcoin in the coming months [1].

Sources:

[1] title: Ethereum-Bitcoin Reversal Confirmed as Rare 3-Week Golden Cross Appears, Says Analyst

url: https://cryptofrontnews.com/ethereum-bitcoin-reversal-confirmed-as-rare-3-week-golden-cross-appears-says-analyst/

[4] title: Ethereum Flashes Golden Cross Against Bitcoin: Will History Repeat?

url: https://cryptodnes.bg/en/news/bitcoin/