Ether outperforms Bitcoin as 'golden cross' pattern emerges

Ether gains 25% against Bitcoin since June

Ether (ETH), the cryptocurrency used on the Ethereum blockchain, has outperformed Bitcoin (BTC) over the past two months. Since early June, the price of Ether compared to Bitcoin—known as the ETH/BTC ratio—has risen by 25%. This means Ether has gained more value relative to Bitcoin during this period.

A technical pattern called a "golden cross" has recently appeared on the ETH/BTC price chart. This pattern occurs when the 50-day average price of an asset moves above its 200-day average price. Some traders see this as a sign that the upward trend may continue.

What the golden cross means

• The ETH/BTC ratio has risen 25% since its low on June 6.
• A golden cross formed when the 50-day moving average crossed above the 200-day moving average.
• This pattern suggests short-term momentum is stronger than the long-term trend.
• Past golden crosses on the ETH/BTC ratio have produced mixed results.

Past performance is not a reliable indicator

The golden cross is based on past price movements, not future predictions. While it may suggest continued upward momentum, this is not guaranteed. The pattern has had mixed success in the past when applied to the ETH/BTC ratio.

For example:

• In July 2025, a golden cross led to a 36% rally over four weeks before the trend reversed.
• In February 2021, a golden cross resulted in a 93% rally.
• However, golden crosses in May 2022 and August 2022 turned out to be false signals, with prices falling soon after.

What is still uncertain

While the golden cross suggests Ether may continue to outperform Bitcoin, this is not certain. Technical patterns like this are based on historical data and do not account for future events that could affect prices. Traders should be aware that past performance does not guarantee future results.

Sources

• CoinDesk