- Gold’s parabolic peak sparks risk warnings, but the Rally of Ethereum points out the risk R may be.
- Divergence is growing as gold and ETH both climbing – signal from macro fencing or just market noise?
While gold tears to parabolic territory, experienced market guards raise red flags.
Michael van de Poppe, known for his timely macro calls, warns that the vertical climb of the metal can mark the start of a broader reversal of risk-off.
Still, in a curious turn that challenges this warning tone, Ethereum [ETH] is reflected above $ 1,700; show that the risk-to trade still remains in it.
So what gives? Is this an early warning for a macro shift, or only pauser markets for their next leg?
The golden signal
The outbreak of gold is sharp – almost euphoric – with price action that speeds up in what PoppeS Like a “wild” movement.
But history suggests that such vertical rallies often indicate exhaustion instead of strength. According to him, this kind of parabolic run tends to be a broader risk aversion in advance.
Source: X
With recession fears that pop up again, the volatility of the bond market increases and capital that rotates in safe port activa, the Gulf of Gold may not be just a bullish trend. It could be the first quake of a larger macro settlement.
Ethereum: The Countermove
While gold moves in classic risk-off-mode, Ethereum has unexpectedly reflected back, which means that the level of $ 1,700 is recovered.
At first glance, this contradictory eth usually seems to thrive during risk-to-environments, not in the midst of flight-to-security behavior. So what’s behind the power?
Source: TradingView
Data on chains suggest renewed whale accumulation and a rebound from over -sold circumstances after recent drawings.
Technical indicators support the move, where the RSI is over 70 climbs and forms a bullish MacD -Crossover. Whether this signals a meaningful decoupling or whether it is merely remains unclear.
Divergence or delay?
The growing gap between gold and Ethereum is striking. Traditionally moving in opposite directions under macrostess, they are now side by side.
A further consideration of the data reveals an important bending: Ethereum breaks higher, even if gold accelerates, that defies expectations of synchronized behavior.
This opens two plausible scenarios.
In the first, gold sounds the last alarm before the markets roll. The jump of Ethereum can be a brief postponement of a dead cat bouncing the risk provisions for the same forces that control safe port flows.
Van de Poppe has warned that vertical peaks often end in reversal, not in continuation. If gold marks a TOP, ETH and his colleagues can soon follow lower.
In the second scenario, Ethereum means a wider rotation back in risk. The strong rebound can be a reflection of renewed market appetite, which positions crypto as a Bellwether of resilience.
If Gold’s overvoltage fades in a blow-off top, ETH could indicate what comes next … Not divergence, but leadership in a delayed risk cycle.
