{"id":656684,"date":"2024-12-04T16:00:39","date_gmt":"2024-12-04T16:00:39","guid":{"rendered":"https:\/\/ktsl888.com\/?p=656684"},"modified":"2024-12-04T08:03:02","modified_gmt":"2024-12-04T08:03:02","slug":"ethereum-price-golden-cross","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-golden-cross\/","title":{"rendered":"Ethereum Price Is About To Confirm A Golden Cross On The Daily Time Frame, Here’s What Happened Last Time"},"content":{"rendered":"

Crypto analysts have revealed that the Ethereum price is about to confirm a <\/span>golden cross<\/span><\/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<\/span><\/p>\n

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

In an X post, crypto analyst <\/span>Tony Severino<\/span><\/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<\/span><\/p>\n

Related Reading: Analyst Says Dogecoin Price At $1.3-$1.5 Is Still Possible, Here\u2019s Why<\/a><\/div>\n
\"Ethereum
Source: X<\/figcaption><\/figure>\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<\/span><\/p>\n

\"Ethereum
Source: X<\/figcaption><\/figure>\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 <\/span>rallied<\/span><\/a> from around $1,800 last year to a local top of around $3,600 in March earlier this year.\u00a0<\/span><\/p>\n

If history were to repeat itself, the Ethereum price could again witness such a sustained upward trend into the new year. <\/span>Charting Guy\u2019s<\/span><\/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<\/span><\/p>\n

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

Breakout And Then Moon<\/h2>\n

In an X post, crypto analyst <\/span>Titan of Crypto<\/span><\/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<\/span><\/p>\n

Related Reading: Cardano Next In Line After XRP? ADA Price Targets $4.88 In Epic Breakout<\/a><\/div>\n
\"Ethereum
Source: X<\/figcaption><\/figure>\n

Crypto analyst Venture Founder also made a similar $7,000 prediction for the Ethereum price. This came as he highlighted a giant <\/span>cup and handle<\/span><\/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<\/span><\/p>\n

At the time of writing, the Ethereum price is trading at around $3,670, up in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n

\"Ethereum
ETH price breaks above $3,700 | Source: ETHUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","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 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 Related Reading: Analyst Says Dogecoin Price At $1.3-$1.5 Is Still Possible, Here\u2019s Why 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 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 from around $1,800 last year to a local top of around $3,600 in March earlier this year.\u00a0 If history were to repeat itself, the Ethereum price could again witness such a sustained upward trend into the new year. Charting Guy\u2019s 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 The Ethereum price has already reclaimed the local top of $3,600 from earlier in the year. Meanwhile, Blockchain Center data shows that it is already altcoin season. This is when Ethereum and other altcoins record significant gains while Bitcoin\u2019s dominance cools off. For context, over 75% of the top 50 crypto have outperformed BTC in the last 90 days.\u00a0 Breakout And Then Moon In an X post, crypto analyst Titan of Crypto 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 Related Reading: Cardano Next In Line After XRP? ADA Price Targets $4.88 In Epic Breakout 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 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 At the time of writing, the Ethereum price is trading at around $3,670, up in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":640624,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[167,6664,26263,14690,8323,89213,16163,1946,7931,6931,8686,78803],"class_list":["post-656684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-eth","tag-eth-news","tag-eth-price","tag-ethereum","tag-ethereum-news","tag-ethereum-price","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Price Is About To Confirm A Golden Cross On The Daily Time Frame, Here's What Happened Last Time<\/title>\n<meta name=\"description\" content=\"Crypto analysts have revealed that the Ethereum price is about to confirm a golden cross on the daily time frame. 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Price Is About To Confirm A Golden Cross On The Daily Time Frame, Here’s What Happened Last Time","url":"http:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-golden-cross\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/ethereum\/ethereum-price-golden-cross\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Ethereum-Recovery-Stall.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Ethereum-Recovery-Stall.jpg?fit=1792%2C1024"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","crypto","crypto analyst","crypto news","eth","eth news","eth price","ethereum","ethereum news","ethereum price","ethusd","ethusdt"],"dateCreated":"2024-12-04T16:00:39Z","datePublished":"2024-12-04T16:00:39Z","dateModified":"2024-12-04T16:00:39Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Price Is About To Confirm A Golden Cross On The Daily Time Frame, Here’s What Happened Last Time\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ethereum\\\/ethereum-price-golden-cross\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ethereum\\\/ethereum-price-golden-cross\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Ethereum-Recovery-Stall.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Ethereum-Recovery-Stall.jpg?fit=1792%2C1024\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"eth\",\"eth news\",\"eth price\",\"ethereum\",\"ethereum news\",\"ethereum price\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2024-12-04T16:00:39Z\",\"datePublished\":\"2024-12-04T16:00:39Z\",\"dateModified\":\"2024-12-04T16:00:39Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/Ethereum-Recovery-Stall.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/656684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=656684"}],"version-history":[{"count":1,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/656684\/revisions"}],"predecessor-version":[{"id":656688,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/656684\/revisions\/656688"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/640624"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=656684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=656684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=656684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}