Ethereum News Today: Altcoin Golden Cross Sparks 93% Rally Potential as Market Cap Hits $1.05T

The altcoin market has triggered a Golden Cross on its daily chart, a technical signal historically associated with significant price surges. The pattern, defined by a shorter-term moving average crossing above a longer-term one, appeared on the combined market capitalization of cryptocurrencies excluding Bitcoin and Ethereum. This follows a prior Golden Cross in 2025 that catalyzed a 93% rally, propelling the altcoin market cap from below $600 billion to over $1.1 trillion within a month [1]. Analysts are now observing whether this recurrence could spark a similar resurgence, with the current market cap at $1.05 trillion after a brief pullback from a peak of $1.09 trillion [1].

The signal’s timing aligns with broader market dynamics. Ethereum’s 50-day moving average recently crossed above Bitcoin’s, another Golden Cross pattern that historically correlates with altcoin outperformance [4]. This development, coupled with support levels stabilizing at $974 billion, suggests sustained momentum for alternative cryptocurrencies. Traders note that the Golden Cross often gains strength after Bitcoin and Ethereum lead initial market movements, leaving room for smaller coins to follow [1].

Market participants are also factoring in macroeconomic catalysts. The upcoming U.S. Federal Open Market Committee (FOMC) meeting could amplify the rally if policymakers signal accommodative monetary conditions. Favorable outcomes are seen as potential tailwinds for altcoins, particularly given the already bullish technical setup [1]. However, caution persists: Bitcoin’s recent surge to $120,000 and Ethereum’s near-$4,000 level have sparked debates about whether the altcoin rally might extend further or face exhaustion [6].

Historical precedents highlight the Golden Cross’s role in initiating extended bull cycles for altcoins. For example, Cardano’s (ADA) own Golden Cross in recent months has drawn attention for its potential to push the asset back into the top five largest by market cap [1]. Broader altcoin momentum is also evident in rising on-chain metrics, with Ethereum ETPs attracting $1.59 billion in inflows amid speculation about ETF approvals [4].

Analysts emphasize that while the Golden Cross is a powerful indicator, it should not be used in isolation. Many traders combine it with tools like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) to confirm potential moves [8]. Positive shifts in perpetual futures funding rates further suggest growing speculative interest in altcoins [8].

The altcoin market’s trajectory could test its all-time high of $1.16 trillion if historical patterns hold. However, external risks—such as regulatory developments or macroeconomic volatility—remain potential disruptors. For now, the Golden Cross continues to draw investor attention, with Ethereum’s technical setup and broader market sentiment serving as key variables in the unfolding narrative [1].

Sources:

[1] [Altcoin News: Bullish Golden Cross Flashes on Market Chart] (https://coinedition.com/altcoin-news-bullish-golden-cross-flashes-on-market-chart/)

[4] [Ethereum ETPs Attract $1.59 Billion Inflows Amid Altcoin Rally] (https://www.ainvest.com/news/ethereum-news-today-ethereum-etps-attract-1-59-billion-inflows-altcoin-etf-approval-hopes-2507/)

[6] [Bitcoin Hitting $120,000 Amid EU Tariff Deal Optimism] (https://www.ainvest.com/news/ethereum-news-today-bitcoin-hits-120-000-ethereum-3-7-4-000-eu-tariff-deal-optimism-2507/)

[8] [Crypto Weekly Recap: Altcoin Momentum and Technical Indicators] (https://www.banklesstimes.com/articles/2025/07/27/crypto-weekly-recap-blackrock-eyes-xrp-etf-goldman-bny-tokenize-7-1t-funds-pepe-quant-jasmy-flash-explosive-altcoin-moves-july-20-26-2025/)