I was looking at the weekly chart of ETH and noticed that the MACD is forming that golden cross that everyone keeps an eye on. According to historical data, the last three times this happened, the price increased by 130%, 74%, and 98% respectively. Pretty promising, right?



But here’s the important detail: just because it worked before doesn’t mean it will work again. The MACD is a good momentum indicator, but you also need to pay attention to what’s happening in macroeconomics and the overall market sentiment. Currently, ETH is around $2.33K with a 2.44% drop this week.

It’s an interesting signal to watch, but it’s not a guarantee of anything. It’s worth monitoring along with other indicators.
ETH-2.35%
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