In a tweet that practically screamed, “Look at me!” Merlijn The Trader has set off the signal—flashing like a disco ball at a 70s party! 🕺💃 Just like it did before a previous major price surge. Can you feel the excitement? Or is that just the coffee kicking in?
What’s Happening?
So, what in the world is a Golden Cross? It’s when the 50-period moving average (MA) decides to play hopscotch and jumps above the 200-period moving average. It’s like the little engine that could, often seen as a bullish indicator, signaling a potential shift toward an uptrend. 🚀
According to our friend Merlijn, the last time this pattern strutted its stuff, Ethereum experienced:
- A minor dip (like a hiccup)
- A major pump on Day 11 (cue the confetti!)
- And guess what? Ethereum is now on Day 10 of that same setup. Talk about déjà vu! 🎉
What the Charts Show
Two charts shared in the tweet show similar setups, and they’re more exciting than a cat video on the internet:
On the left: a historical Golden Cross followed by a rapid rally above $4,000 (cha-ching!). 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. It’s like a traffic light for traders—green means go! 🚦
What’s Next?
If history decides to play nice and repeat itself, tomorrow could be liftoff for ETH. While past performance doesn’t guarantee future results (thanks for the reminder, Captain Obvious), many traders are watching this setup closer than a hawk eyeing its dinner. 🦅
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2025-05-28 17:33