Close Menu
Cryprovideos
    What's Hot

    XRP Ledger battles influx of scam crypto projects as Ripple eyes global financial role

    June 4, 2025

    Floating-Level 8: Revolutionizing AI Coaching with Decrease Precision

    June 4, 2025

    Semler Scientific Acquires 185 Bitcoin, Growing Complete Holdings To 4,449 BTC

    June 4, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Altcoins»Ethereum (ETH) Completes First 2024 Golden Cross: Particulars
    Ethereum (ETH) Completes First 2024 Golden Cross: Particulars
    Altcoins

    Ethereum (ETH) Completes First 2024 Golden Cross: Particulars

    By Crypto EditorDecember 7, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Ethereum (ETH) Completes First 2024 Golden Cross: Particulars

    Cowl picture by way of www.freepik.com

    Disclaimer: The opinions expressed by our writers are their very own and don’t symbolize the views of U.Right now. The monetary and market data offered on U.Right now is meant for informational functions solely. U.Right now just isn’t answerable for any monetary losses incurred whereas buying and selling cryptocurrencies. Conduct your individual analysis by contacting monetary specialists earlier than making any funding selections. We consider that each one content material is correct as of the date of publication, however sure provides talked about could now not be accessible.

    Ethereum (ETH), the second largest cryptocurrency by market capitalization, has accomplished its first golden cross of 2024.

    A golden cross occurs when a cryptocurrency’s short-term transferring common, normally the 50-day easy transferring common (SMA), rises above its long-term transferring common, normally the 200-day SMA.

    Article image
    ETH/USD Each day Chart, Courtesy: TradingView

    Ethereum’s 50-day transferring common crossed above its 200-day transferring common, confirming the golden cross sample. This sample is often thought of a bullish indicator, suggesting that the asset’s worth might expertise important upward momentum. Traditionally, Ethereum’s earlier golden crosses have typically led to notable rallies.

    Associated

    Ethereum (ETH) Skyrockets 230% in Massive Whale Activity

    The final time Ethereum noticed a golden cross was in November 2023, after which it rose from almost $1,900 to a excessive of $4,093 in March this yr.

    Will historical past repeat itself?

    Within the shadow of Bitcoin’s $100,000 milestone, expectations stay excessive, with buyers anticipating Ethereum will break the report it set three years in the past. At its present worth of $3,848, Ethereum is 21.3% away from report highs of $4,891 reached on Nov. 16, 2021. It ought to, nonetheless, be borne in thoughts that golden cross alerts will not be the holy grail of the market, as they may entice merchants on the flawed facet of buying and selling.

    Ethereum surged to almost $4,000 in yesterday’s buying and selling session, bolstered by optimistic regulatory information and inflows into Ethereum ETFs.

    Associated

    Massive 150,000 ETH in 24 Hours: Ethereum Sell-off Imminent?

    On Thursday, U.S.-listed Ethereum exchange-traded funds skilled a report every day influx of $428 million. The nomination of Paul Atkins to supervise the Securities and Change Fee added to the tailwinds for Ethereum. ETFs that spend money on the coin don’t enable buyers to revenue from staking Ether, one thing some market observers consider might change.

    Ethereum fell 1.74% within the final 24 hours as a part of a crypto market sell-off that noticed Bitcoin fall from a report excessive above $103,000 on Thursday to almost $92,000. Crypto-tracked futures recorded almost $910 million in liquidations within the final 24 hours, with $759 million coming from longs, or bets on rising costs.



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    XRP Ledger battles influx of scam crypto projects as Ripple eyes global financial role

    June 4, 2025

    Cardano Developer IOG Flags Unconstitutional Conduct

    June 4, 2025

    Worth predictions 6/4: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK

    June 4, 2025

    Solana Analyst Units $300 Goal – Can Bulls Maintain A Rally?

    June 4, 2025
    Latest Posts

    Semler Scientific Acquires 185 Bitcoin, Growing Complete Holdings To 4,449 BTC

    June 4, 2025

    Worth predictions 6/4: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, HYPE, LINK

    June 4, 2025

    Armstrong, Musk Slam U.S. Debt, Warn of Bitcoin Shift – Bitbo

    June 4, 2025

    Reality Social Seeks to Launch Spot Bitcoin ETF through NYSE Arca

    June 4, 2025

    An settlement in South Korea: new treasurer for Bitcoin

    June 4, 2025

    Shockingly Bullish Bitcoin Value Prediction Made by Legendary Enterprise Capitalist

    June 4, 2025

    South Korea’s new president races to approve Bitcoin ETFs for 16 million merchants

    June 4, 2025

    Moscow Trade Launches Bitcoin Futures For Certified Buyers

    June 4, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Jay Clayton Takes Helm at SDNY, Returning to Authorities With Crypto Report in Tow – Decrypt

    April 23, 2025

    US exchanges wager large on crypto derivatives amid tariff turbulence

    April 23, 2025

    CFTC Removes Regulatory Hurdles for Crypto Derivatives Market

    March 30, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.