The Ethereum to Bitcoin (ETH/BTC) trading pair has confirmed a rare three-week moving average convergence divergence (MACD) golden cross, suggesting a potential bullish cycle for Ethereum relative to Bitcoin. This technical event, last observed in 2020, historically preceded significant Ethereum outperformance against the leading cryptocurrency.
ETH/BTC has rebounded 9.47% to 0.03353 BTC, with analysts identifying 0.030 BTC as crucial support. Historical parallels indicate substantial upside potential: during the 2020 golden cross occurrence, ETH/BTC traded between 0.018-0.020 BTC before surging past 0.085 BTC. Similar targets of 0.070 BTC appear plausible in the current cycle if bullish momentum holds.
Maintaining levels above the 0.030 BTC threshold is considered essential for sustaining the bullish trajectory. Should ETH/BTC drop below 0.025 BTC, analysts warn of potential pullbacks that could negate the current positive outlook.
The technical setup currently favors Ethereum’s medium-term strength against Bitcoin, with market participants closely monitoring buying pressure to validate the emerging trend. The golden cross formation underscores Ethereum’s potential for significant relative gains similar to its 2020 rally.