A popular crypto analyst says Ethereum’s weekly MACD has just flashed a potentially bullish signal — and history suggests it could matter.
On X, analyst Ali Martinez flagged a possible golden cross forming on Ethereum’s 1-week MACD, the momentum indicator that measures the difference between the 12- and 26-period exponential moving averages (the MACD line) and compares that to its own 9-period EMA (the signal line). When the MACD line crosses above the signal line, it’s widely read as a bullish shift; the reverse crossover is typically viewed as bearish. The MACD histogram, which shows the distance between those two lines, recently moved from negative to positive territory on the weekly chart — the technical sign of a rising MACD line.
Martinez pointed to the historical importance of that setup for ETH: “The last three times the MACD printed a golden cross on Ethereum $ETH, the price surged 130%, 74%, and 98%.” His chart covers the weekly MACD action over the past couple of years and highlights those prior rallies. Whether this new crossover will produce a comparable move remains uncertain, but the precedent gives traders a reason to watch the weekly momentum closely.
On-chain data provides a more cautious backdrop. Glassnode noted that ETH’s recent gains have pushed price above the cost-basis of buyers from one to three months ago, but it still sits below the acquisition levels of investors who bought three to six months earlier. Glassnode characterized the structure as consistent with a “bear market relief rally” similar to the Q3–Q4 2022 bounces rather than a confirmed structural trend reversal.
Price action: Ethereum climbed toward the $2,400 area on Tuesday before pulling back to roughly $2,320.
Bottom line: A weekly MACD golden cross on ETH is a meaningful technical development — and past occurrences have preceded major rallies — but on-chain positioning and broader market context suggest traders should treat this signal with cautious optimism rather than assuming a guaranteed breakout.
Read more AI-generated news on: undefined/news
