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Ether Is Crushing Bitcoin and the 'Golden Cross' Says It May Not Be Done Yet

Summary by Blockonomi
TLDR: Ethereum MVRV golden cross on August 19 preceded a 34% surge from $1,905 to $2,547 high. Whale wallets holding 10,000+ ETH rose 1.74%, with 17 new whale addresses joining in a week. Over 180,764 ETH ($440M) left exchanges in a week, signaling reduced near-term selling pressure. Clearing 2,722–2,970 resistance could open the path toward the $5,363 MVRV target zone. Could Ethereum hit $5,000? Recent on-chain data suggests the possibility is…

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Blockonomi broke the news on Sunday, August 23, 2026.
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