ETH/BTC Posts Rare 3-Week MACD Golden Cross, Signaling Bullish Kickoff
The ETH/BTC pair has confirmed a rare 3-week MACD golden cross on higher timeframes, marking the first occurrence since early 2020 and signaling a potential bullish cycle for Ethereum against Bitcoin. According to analyst Merlijn The Trader, the MACD golden cross indicates a shift in momentum as the shorter-term moving average crosses above the longer-term line. ETH/BTC rebounded to 0.03353 BTC—up 9.47%—with critical support at 0.030 BTC and upside targets ranging from 0.050 to 0.070 BTC if buying pressure holds. Historical data show the last 3-week MACD golden cross preceded a sustained rally, lifting ETH/BTC from around 0.018 BTC to over 0.085 BTC in 2021. Traders should monitor the MACD golden cross confirmation, key support at 0.030 BTC, and a breakdown below 0.025 BTC, which would invalidate the current bullish setup. This technical signal, combined with stronger fundamentals and growing institutional interest, strengthens the case for Ethereum’s medium-term outperformance against Bitcoin.
Bullish
The confirmed 3-week MACD golden cross on ETH/BTC is historically a strong bullish signal: the last occurrence in early 2020 preceded a multi-month rally that saw ETH/BTC rise from 0.018 BTC to above 0.085 BTC. The current setup benefits from cleaner fundamentals and increased institutional interest, suggesting robust buying pressure. Key support at 0.030 BTC held, and downside risk remains capped above 0.025 BTC. This technical pattern on a higher timeframe carries more weight and is likely to steer both short-term momentum and longer-term trend in favor of Ethereum. Traders can draw parallels with the 2020 cycle to gauge targets and manage risk, reinforcing a bullish outlook for ETH relative to BTC.