I noticed that Ethereum's weekly MACD is forming a golden cross this week. According to technical analysis, after the last three golden crosses of the MACD on the weekly chart, ETH increased by 130%, 74%, and 98% respectively. Quite an interesting historical pattern.



The price of ETH is around 2.32K right now, with a 4.56% drop in the last 7 days. Technically, the MACD golden cross is seen as a sign of increasing momentum, but of course past performance doesn't guarantee anything. We need to see how the macro environment and overall market sentiment behave.

This type of technical signal on the MACD is always interesting to watch, but it's good not to rely solely on technical analysis. It's worth combining it with other indicators and paying attention to the broader market context.
ETH-0.19%
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