In particular, the December 2023 golden cross proved to be highly profitable for bulls. It preceded a 105% price explosion, sending ETH from around $2,000 to over $4,100 within just four months.

Likewise, a smaller golden cross in late 2024 triggered a 17% rally, albeit more short-lived, as macro headwinds eventually tempered momentum.

Now, the backdrop for another potential leg higher is forming — but with stronger technical reinforcement. Complementing the golden cross is a bull flag pattern that has been unfolding over the past several weeks.

The flag follows ETH’s sharp rebound from its May lows, forming a period of tight consolidation between parallel trendlines — a classic continuation structure in technical analysis.