Ethereum’s Golden Cross: The Financial Rollercoaster You Didn’t Know You Needed! 🎢

by

Ah, the mystical golden cross! Not to be confused with a particularly shiny piece of jewelry, this phenomenon is about to grace the daily Ethereum chart like a cat on a hot tin roof. It’s a sign, dear reader, a sign that the long-term trend is about to change, and possibly break out like a teenager at a school dance. Last time this happened, ETH decided to pump up by a whopping 35% in just a few weeks, as noted by the ever-astute entrepreneur Ted Pillows on the social media platform X. 🐦

Now, what exactly is a golden cross, you ask? Well, it’s when a faster-moving average decides to play leapfrog over a slower-moving one. In this case, the 50-day exponential moving average is about to give the 200-day EMA a friendly nudge. It’s like watching two tortoises race, but one suddenly remembers it’s late for a very important date.

Cast your mind back to mid-November, when the last Ethereum golden cross occurred. Prices soared from just over $3,000 to around $4,000 faster than you can say “cryptocurrency.” It was a sight to behold, like a phoenix rising from the ashes, or perhaps more accurately, a well-fed pigeon flapping its wings in a park.

$ETH golden cross is approaching.

Last time it happened, ETH pumped 35% in a few weeks.

ETH big pump is coming.

— Ted (@TedPillows) June 16, 2025

Strengthening Ethereum Narrative

Ethereum prices are coiling up tighter than a spring in a cheap watch, having remained within a range-bound channel since they broke above $2,000 on May 8. The asset has bounced off support at $2,500 more times than a rubber ball in a toddler’s hands, which has fortified it as a base for the next leg up. 🚀

Crypto analyst and trader ‘Merlijn The Trader’ has observed that ETH is “following the 2017 playbook.” You know, the one where it traded around the 50-day moving average before taking off like a rocket. But this time, the market is bigger, with “institutional fuel” backing Ethereum and “no ceiling in sight.” It’s like a party where the bouncer has gone home, and everyone is invited! 🎉

ETHEREUM IS FOLLOWING THE 2017 PLAYBOOK

Same breakout zone. Same 50 MA reclaim.

Sideways chop… then liftoff.

But this time? Bigger market. Institutional fuel is backing $ETH. No ceiling in sight.

We’re not repeating history…

We’re amplifying it.

— Merlijn The Trader (@MerlijnTrader) June 16, 2025

Back in 2017, ETH broke out on the ICO hype train, but in 2025, it’s got a much better set of fundamentals, with staking yields, ETF flows, and real-world asset tokenization driving momentum like a well-oiled machine. 🛠️

Spot Ether exchange-traded funds in the US are accumulating the asset like a squirrel hoarding nuts for winter, with just one minor outflow day since mid-May. BlackRock’s iShares Ethereum Trust (ETHA) has amassed nearly $650 million worth of the asset this month alone, and that’s without even considering ETH staking provisions. Talk about a financial buffet!

Meanwhile, the Trump family media corporation has decided to file for a spot ETF tracking both Ethereum and Bitcoin. Because why not throw a little more chaos into the mix?

Wall Street’s Gateway to DeFi

Ethereum co-founder and ConsenSys founder Joseph Lubin has described Ethereum as Wall Street’s gateway to decentralized finance. It’s like the VIP entrance to a club where everyone is wearing hoodies and discussing the future of money.

Financial institutions will soon find themselves forced to understand Ethereum’s infrastructure and DeFi protocols as they analyze corporate treasury strategies. Ethereum is the primary platform where this “Wall Street-to-Main Street” adoption strategy will unfold, allowing companies to issue tokens and participate in DeFi without regulatory fear. It’s like giving a kid a candy store and telling them to have fun!

“The paradigm shift to an increasingly decentralized system of the world is accelerating.”

Read More

2025-06-17 11:14