Ethereum Golden Cross Flash Ignites Buy Signal Hopes

Ethereum is nearing a key buy signal as its MVRV ratio approaches a crossover above its 160-day moving average.

This pattern, known as a golden cross, has marked turning points for Ethereum in the past. Analyst Ali Charts flagged the setup on Twitter, noting that a similar crossover has lined up with major recovery phases for ETH.

The MVRV Momentum indicator compares holder profitability to its medium-term trend line. When the daily MVRV ratio breaks back above its 160-day SMA, it can signal a shift out of capitulation and fresh accumulation among holders.

Currently, Ethereum is trading near $1,900, still below levels seen earlier this year. However, analysts are pointing to key liquidity zones that could be swept by the token as markets show early signs of correction.