Crypto analysts are signaling a bullish setup for Ethereum (ETH) and altcoins as technical indicators and market sentiment begin to align.
Prominent trader Crypto Rover has highlighted a potential Golden Cross formation on Ethereum’s daily chart—a bullish signal triggered when the 50-day simple moving average (SMA) crosses above the 200-day SMA.
The formation, currently underway, is often seen as a precursor to strong upward price momentum.
The chart shared by Crypto Rover shows ETH climbing steadily toward this crossover, with both moving averages converging. If completed, it would be the first such crossover since Ethereum’s late 2021 rally.
Meanwhile, renowned analyst Michaël van de Poppe emphasized that altcoins could be on the brink of a historic bull market. He cited three key indicators suggesting that the market is preparing for a large-scale breakout, although full details were reserved for his latest video analysis.
Despite current price hesitation, van de Poppe noted that macro conditions are aligning in favor of altcoins. The combination of improving sentiment, favorable market structure, and increased accumulation suggests that many assets may soon enter a major uptrend.
Together, these developments are creating renewed interest across the crypto landscape. Ethereum’s potential Golden Cross adds technical confirmation to this broader narrative, and analysts continue to advise traders to stay alert as momentum builds.
As of now, Ethereum is trading near key resistance levels, and altcoins remain relatively stable. However, both analysts warn that the breakout potential is increasing, and the next move could define the direction for the rest of the summer trading season.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/ethereum-golden-cross-and-altcoin-signals-spark-market-optimism/