Ethereum’s Rare MACD Golden Cross Suggests Potential Bullish Cycle Against Bitcoin

Key Points

1. ETH/BTC has rebounded to 0.03353 BTC, up by 9.47%, with key support at 0.030 BTC and potential targets up to 0.070 BTC.

2. The last occurrence of this rare 3-week MACD golden cross was in 2020, preceding a significant Ethereum rally against Bitcoin.

3. Historical data shows that in 2020, ETH/BTC traded around 0.018–0.020 BTC when the golden cross appeared, later climbing above 0.085 BTC.

4. Maintaining levels above 0.030 BTC is crucial for sustaining bullish momentum, with potential pullbacks if it drops below 0.025 BTC.

5. The current setup favors Ethereum’s medium-term strength over Bitcoin, with the market watching for continued buying pressure.