Ether's Golden Cross Sparks Bullish Sentiment Amid Ether-Bitcoin Ratio Rally

Ether has outperformed Bitcoin in recent months, and a 'golden cross' has formed on the ETH/BTC ratio, suggesting the trend may continue.

The golden cross occurs when the 50-day average price surpasses the 200-day average, indicating a short-term trend outperforming the longer-term trajectory. This phenomenon is also known as a crossover.

Since June 6, the ETH/BTC ratio has rallied by 25%, and this latest crossover suggests that momentum may persist. However, it's essential to note that crossovers are based on past price action and do not provide a forward-looking read on market trends.

Historically, golden crosses have had mixed results on the ETH/BTC ratio. Some have delivered gains, while others have turned out to be bull traps. The February 2021 crossover, for instance, fueled a 93% rally that took the ratio to 0.0824 by mid-May 2021.

The most recent golden cross occurred on July 25, 2025, and initially delivered a 36% gain over four weeks before reversing into a steeper downtrend.