The post Ethereum Price Prediction: Golden Cross Could Lead to a 200% Surge! appeared first on Coinpedia Fintech News

Yes, that’s a golden cross! There is an exciting update for all Ethereum enthusiasts. The market is about to witness a fabulous golden cross. Has the Altcoin Season Begun? Or is it too early to shoot such a question? Anyway, there is no shortage of excitement in the Altcoin community. Let’s join this happiness, and see what’s exactly happening.

Ethereum Golden Cross: What You Should Know 

Last week, many experts predicted the possibility of a golden cross in Ethereum. Since then, the entire Ethereum community has been impatiently waiting for that moment. And the moment has finally arrived today. The 50-day SMA of Ethereum has just touched its 200-day SMA. What makes a golden cross noteworthy is that it paves the way for explosive growth. Ethereum definitely looks very bullish right now. In the last 24 hours alone, it has seen a growth of 3.0%. Interesting to note is the fact that in the previous golden cross, the ETH market experienced a 2x gain. 

Alt Season and Ethereum: An Simple Overview    

There is a high chance for an Ethereum golden cross to trigger an Alt Season. Ethereum, with a market cap of $447,966,072,120, is the top altcoin by market cap.

There is no wonder why Alt Season has all of a sudden returned to the discussion tables of the crypto community. In fact, at least two prerequisites for the start of an Alt Season have already happened: Ethereum outperforming Bitcoin, and Bitcoin’s dominance falling.

In the last 30 days, ETH has outperformed BTC by at least 10%. Moreover, in the last seven days, the BTC dominance has slipped from around 58.22% to as low as 55.15%. So, the picture is crystal clear. The market is ready for an Alt Season. 

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What Could Happen Next in Ethereum? 

It’s time for predictions. With this golden cross, there is no confusion about one thing: the Ethereum market is certainly going to go up in the coming days. Crypto expert Mikybull Crypto predicts if history repeats, the ETH market could see a 2x growth soon.

A 2x growth in Ethereum is the best catalyst the altcoin market can get to kick-start its Alt Season.  

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