The short-term chart of Ethereum versus Bitcoin forms a "golden cross", and the market is concerned about the persistence of the rebound.
Ethereum completed a "golden cross" against Bitcoin on the short-term chart, indicating that momentum is changing and investors are paying close attention to whether it can achieve a sustained recovery. This trend comes after the 50-hour moving average crosses the 200-hour moving average-a chart pattern that traders often view as a signal of a potential trend reversal.
Ethereum has performed better than Bitcoin recently, and ETF capital inflows have increased.
Since hitting a local low of 0.025 on June 6, Ethereum has begun to outperform Bitcoin. Its rise was supported by the return of funds from cryptocurrency exchange-traded funds and increased activity on the chain. It is worth noting that Robinhood recently launched a new Layer 2 network that uses Ethereum as a native fuel token, which has brought higher transaction demand to the Ethereum blockchain.
The price recovery was further confirmed when Ethereum broke through the 0.027 level, which coincided with the 50-day moving average. The breakthrough came after a long consolidation after weeks of decline that began in mid-April. Since April 23, Ethereum has been below the daily 50-day moving average until the latest wave of gains rekindled market confidence.
Mini Dictionary:
Gold Cross -The chart pattern formed by the short-term moving average crossing the long-term moving average, which technical analysts often view as a bullish signal.
Technical signals and market sentiment
Galaxy Research Director Alex Thorn highlighted this price trend in a post and pointed out its potential impact on the ETH/BTC trading pair. Thorn mentioned that despite Ethereum's "death cross" against Bitcoin on the daily chart-a bearish technical signal-market sentiment in early 2026 was generally positive.
Market optimism at the beginning of the year led many investors to ignore the importance of ETH/BTC to the death cross, even as Ethereum gradually weakened relative to Bitcoin. Over time, Ethereum's performance has been lagging behind Bitcoin until recently. The market is increasingly concerned about possible bottom signals from the ETH/BTC pair, as historical data shows that when Ethereum strengthens relative to Bitcoin, altcoins tend to rise.
Current indicators and market outlook
The Relative Strength Index (RSI) over different time frames has shifted from oversold areas to neutral or positive areas. However, analysts cautioned that no clear price reversal has been confirmed. Traders often view the rise in the ETH/BTC ratio as a sign of a return to risk appetite, as periods of strength for Ethereum are often accompanied by improved performance of altcoins.
Market observers are closely watching whether the gold cross formed on the hourly chart will push Ethereum against Bitcoin further. Factors such as ETF inflows and Layer 2 adoption continue to affect market sentiment, but technical confirmation remains to be seen.

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