Analysis: ETH/BTC Forms "Golden Cross," Up 25% Since June Low

Odaily News: The ETH/BTC ratio has recently formed a "golden cross," where the 50-day moving average has broken above the 200-day moving average. ETH has continued to outperform BTC since early June, with the ETH/BTC ratio up approximately 25% from its June 6 low.

Historical data shows that the performance of the ETH/BTC ratio following a golden cross has been inconsistent. After a golden cross appeared on July 25, 2025, the ratio rose approximately 36% over the following four weeks before turning downward; following the golden cross in February 2021, it initially surged about 93%. However, the two golden crosses in May and August 2022 both failed to sustain upward momentum. CoinDesk noted that a golden cross is a lagging indicator based on historical price data and does not necessarily mean ETH will continue to outperform BTC going forward. (CoinDesk)