Ethereum's Potential Rally as Golden Cross Forms
Ethereum is showing signs of a strong rally as it forms a bullish crossover on its charts, suggesting an imminent price breakout.
Ethereum (ETH) is experiencing a well-known chart formation, often leading to significant gains during previous cycles. Currently on the 3-day chart, a MACD golden cross is aligning with a 9/21 moving average crossover, similar to past situations that resulted in major price increases.
Historical Evidence of the Golden Cross
In the past, this chart combination has proven successful:
- 61% gain in September 2024
- 51% gain in April 2025
- 89% gain in July 2025
Each of these increases followed the MACD turning positive, accompanied by a short-term moving average surpassing a long-term one.
“On the 3-day chart for $ETH The last 3 times we got a MACD golden cross followed by the 9/21 MA golden cross, ETH delivered face-melting gains. A similar setup is forming again. Will history repeat itself once again? pic.twitter.com/6NB8WOafEb”
— Lark Davis (@LarkDavis) January 12, 2026
As of now, ETH is trading around $3,140 with a daily volume of $22 billion, which appears stable despite a slight decline over the past week. Market analysts have noted that Ethereum has fluctuated between $2,600 and $3,350 for two months, with a rise beyond $3,200 indicating potential for progression towards the $3,300-$4,000 range.
CPI data is expected today, suggesting possible market volatility. Traders are noting an unfilled CME gap around $3k that could influence ETH’s movements. Critical observation points are set around the $3,170 and $3,060 levels.
A Promising ETH/BTC Breakout
The ratio of Ethereum to Bitcoin is under close watch, with analysis indicating that ETH/BTC is breaking free from a multi-year downtrend, reminiscent of the trend from 2015 to 2018, that preceded significant winning patterns for Ethereum.
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Currently, the ETH/BTC ratio is at 0.0343, potentially pushing towards 0.15 if the breakout sustains. This movement is labeled as “the biggest $ETH rotation in 8 years,” signaling a test of patience rather than intelligence, with a changing market landscape now introducing larger participants and more capital capacity.
In addition, notable analysis from Standard Chartered has projected Ethereum could reach $30,000 by 2029 and $40,000 by 2030, with these predictions grounded in Ethereum’s evolving importance in on-chain finance.
