Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • 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

Next chapter of ecosystem support program

August 31, 2025

Kindly, MD’s $ 5B Bitcoin Play comes as DATS raises fear of wider Altcoin fluidity.

August 27, 2025

Bitcoin News Today: Ether (ETH) is 5K $ 5K and BTC Eyes is recorded as Powell Sparks Rally. DAT transaction risk: Be careful with asset managers

August 23, 2025
Add A Comment

Comments are closed.

Recent Posts

WorldShards Announces Partnership With ByBit And TGE Date

September 1, 2025

EcoSync & CarbonCore Launch Full Stages Refi Infrastructure Linking Carbon Credits With Web3

September 1, 2025

NFT sales in August increased 2.78% in July 2025

September 1, 2025

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Metaplanet’s bitcoin strategy is having trouble with stock plummet in the crisis of financing.

August 31, 2025

Next chapter of ecosystem support program

August 31, 2025

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

BNB price forecast: Target $ 890- $ 900 in September 2025.

August 31, 2025

After BTS Star Jungkook has 39 billion hacking, South Korea will crack down on encryption fraud.

August 30, 2025

FY Energy Offers Industry-leading Cloud Computing Systems, Offering Opportunities For Daily Passive Income Of $7,580 Through Mining.

August 30, 2025

Four coins to be purchased as decisions for five branch XRP ETFs will be pushed until October.

August 30, 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

WorldShards Announces Partnership With ByBit And TGE Date

September 1, 2025

EcoSync & CarbonCore Launch Full Stages Refi Infrastructure Linking Carbon Credits With Web3

September 1, 2025

NFT sales in August increased 2.78% in July 2025

September 1, 2025
Most Popular

Ethereum price is firming up as indicators suggest a rise towards $2,800.

January 12, 2024

XRP, HBAR, BGB, and XMR are flashing bullish signals as Bitcoin looks for direction.

January 12, 2025

Cardano Founder Suggests Bitcoin Cash Integration in X Poll

May 5, 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.