Ethereum MACD flashes golden cross, previous three signals saw 74%–130% rallies

Ethereum weekly MACD flashes a golden cross. Analyst Ali Martinez notes the last three such signals preceded 130%, 74%, and 98% rallies.

Martinez shared the weekly MACD crossover on X with a chart and the prior outcomes. Ali Martinez on X.

The histogram flipped positive, signaling the MACD line moved above the signal line. That is a classic bullish setup in TA. Source.

Glassnode adds on-chain context. Glassnode on X says Ethereum ETH is back above the 1–3 month holder cost basis, but still below the 3–6 month cohort. “So far, this structure is consistent with a bear market relief rally, comparable to the bounces observed in Q3–Q4 2022.”

Price tested 2,400 and pulled back to 2,320 on Tuesday, per the included chart. Holder price chart.

Key numbers
- Prior weekly MACD golden crosses were followed by +130%, +74%, +98% moves source
- ETH above 1–3M realized price, below 3–6M realized price source
- Spot near $2,320 after $2,400 test source