Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»ETHEREUM NEWS»Ethereum’s golden opportunity? 600% Buy Signal Profit
ETHEREUM NEWS

Ethereum’s golden opportunity? 600% Buy Signal Profit

By Crypto FlexsNovember 29, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum’s golden opportunity?  600% Buy Signal Profit
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum formed a “golden cross” pattern on a weekly basis, marking the second such signal this year. If history repeats itself, the long-term impact could be very positive, but there are reasons to temper expectations.

A weekly golden cross has formed | ETHUSD on TradingView.com

Possible targets for Ethereum Golden Cross and new ATH

There is 1W ETHUSD Formed the Golden Cross A golden cross is a buy signal in a moving average based trading system. This suggests that the trend is moving in an upward direction and this is noteworthy as trends tend to persist.

A golden signal occurs when the short-term moving average (50-week MA) crosses below the long-term moving average (200-week MA). A dead cross is formed when the opposite situation occurs.

The golden cross, last seen for Ethereum in December 2020, followed a massive 600% rally over the next year to the asset’s all-time high near $4,900. This time, a repeat move of similar magnitude would push Ethereum above $12,000. This is more than six times the current price of about $2,000.

However, it is important to note that not all golden crosses lead to the expected uptrend. In 2023 alone, 1W ETHUSD has experienced two death crosses and a golden cross, which shows how moving average-based systems do not follow established trends and are prone to whipsaws.

Ethereum ADX

Above 20 on the ADX confirms the trend | ETHUSD on TradingView.com

Uptrend or more Whipsaw? How ADX identifies trends

Whipsawing death cross and golden cross price action on the Ethereum 1-week chart failed to generate follow-up in either direction. So how can we be sure this isn’t yet another premature crossover?

This is where the Average Directional Index (ADX) comes into play when measuring the effectiveness of moving average crossovers. ADX aims to measure trend strength, typically on a scale of 0 to 100.

The one-week ADX rising from below 20 confirms growing momentum which reduces the likelihood of further price movement. Traders often use these ADX readings to check for gold/death crosses and only enter the signals they are most confident in.

The 1W ETHUSD Average Directional Index is not yet above 20, but is approaching this key level. Above that, much more validity is given to the Golden Cross.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Fusaka Update – Information for Blob Users

October 18, 2025

Class action lawsuit claims Microsoft choked AI supply to drive up ChatGPT costs

October 14, 2025

‘OG’ Whale Attracts Over $400 Million in Bearish BTC Bet

October 10, 2025
Add A Comment

Comments are closed.

Recent Posts

DAOs are redefining corporations, but the law is not yet ready.

October 20, 2025

BitDCA Staking Agreement Audit Summary

October 19, 2025

ETFs and liquidity drive outlook for 2026

October 19, 2025

5 Best Crypto Flash Crash And Buy The Dip Crypto Bots (2025)

October 18, 2025

Billionaire Tim Draper Leads $3.2M Seed Round For Ryder To Replace Seed Phrases With TapSafe Recovery

October 18, 2025

IRANcoin Global Reserve (IRCOIN) launches to reshape global digital payments

October 18, 2025

Fusaka Update – Information for Blob Users

October 18, 2025

6 Best AI Quant Bots To Use In 2025: Smarter Trading Starts Here

October 18, 2025

BTC RSI hits April low as Coinbase premium turns red.

October 18, 2025

The Great Inheritance and Crypto: What you need to know.

October 17, 2025

6 Best AI Quant Bots To Use In 2025: Smarter Trading Starts Here

October 17, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

DAOs are redefining corporations, but the law is not yet ready.

October 20, 2025

BitDCA Staking Agreement Audit Summary

October 19, 2025

ETFs and liquidity drive outlook for 2026

October 19, 2025
Most Popular

Ben Lab and Star Sports Partner to improve cricket broadcasting with AI translation

February 24, 2025

Cryptocurrency expert recommends investors buy the dip as Bitcoin price falls to $64,000.

April 3, 2024

BNB Incubation Alliance (BIA) to Hold 3rd Event at Singapore Token 2049

September 10, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.