Ether Outperforms Bitcoin: Golden Cross Gained 93% in the Past But No Guarantee

While Ether has outperformed Bitcoin over the past two months, a technical signal has emerged suggesting that the rise in the ETH/BTC ratio could continue; historical examples show that this indicator is not a guarantee.

According to CoinDesk, Ether (ETH) has outperformed Bitcoin (BTC) over the last two months. While Bitcoin’s price is hovering around $77,456.62, the ETH/BTC ratio has risen 25% from its bottom on June 6th.

The ETH/BTC ratio represents the relative value of Ether against Bitcoin. A rise in the ratio means that Ether is strengthening compared to Bitcoin.

Ether’s rise has not always persisted in the past

The golden cross seen on the chart occurs when the 50-day average crosses above the 200-day average. This intersection indicates that the short-term upward trend has become stronger than the long-term outlook. Investors typically monitor this structure as a sign that bullish momentum may continue.

However, historical instances in the ETH/BTC ratio reveal that the signal does not always work. The golden cross in February 2021 pushed the ratio to the 0.0824 level with a 93% rally by mid-May. Intersections in May and August 2022 created a bull trap and the ratio fell shortly thereafter.

The latest signal formed on July 25, 2025, also yielded positive results in the initial phase. The ratio rose 36% in four weeks, before turning into a much sharper decline. For this reason, the golden cross stands out as an indicator based solely on past price movements and does not guarantee future gains on its own.