Ethereum's Golden Cross Signals Potential Altcoin Surge

Ethereum has outperformed Bitcoin recently, with a notable 8% price increase over the past week, compared to Bitcoin's 3% gain. A golden cross, where the 50-day SMA surpasses the 200-day SMA, has appeared on Ethereum's chart, suggesting a potential altcoin season. The altcoin season index supports this, showing a value of 86, indicating an ongoing altcoin season. Other altcoins like XRP, BNB, and Dogecoin have also seen price hikes. However, despite these bullish trends, investor sentiment remains bearish, which could impact the altcoin season's sustainability.