- Ethereum’s April monthly close formed a Dragonfly Doji after five red candles, signaling a potential macro bottom and trend reversal.
- Historical cycles from 2016 to 2025 show Ethereum repeating patterns of rallies and corrections, supporting a bullish long-term structure.
- High volume during major price shifts and key support holds reinforce April’s reversal as a strong bullish signal for continued upside.
Ethereum on a monthly timeframe signals a major turning point. April closed with a large Dragonfly Doji, following five consecutive red candles. This monthly reversal pattern hints at a potential macro bottom. The price swept key lows from the August to October 2023 range but closed firmly above long-term support. Consequently, analysts now anticipate a trend shift that could shape the rest of 2025.
Besides the strong April close, Ethereum has demonstrated a clear cyclical structure since its early days. Monthly candles from 2016 to 2025, reveals distinct phases of expansion and contraction. Ethereum’s first major rally occurred in 2017, peaking in early 2018 before a sharp correction followed.
Historic Bear Phases and Bullish Recoveries
The 2018 bear market lasted about 184 days with mass selling and tremendous loss of value. Prices remained low through 2019 with little volatility. However, a gradual but steady improvement began in 2020. The trend accelerated in 2021 and built a strong bull run. Two peaks of high value, denoted by “1” and “2,” drove Ethereum to $4,000.
Source: CryptoBullet
However, prices corrected sharply in 2022. Ethereum bottomed again before beginning a gradual climb throughout 2023. This period laid the groundwork for a renewed rally in 2024. The three peaks—“1,” “2,” and “3”—indicate strong bullish sentiment during this time. These highs were followed by corrections labeled “4” and “5,” completing another cyclical structure.
Volume Signals and Market Momentum
The lower section includes a smaller ETH/USDT from Binance. This zoomed-in view mirrors the long-term pattern, adding more clarity. Current trading data shows ETH hovering around $1,823.88. Green arrows highlight possible support zones, reinforcing bullish signals.
Moreover, volume bars at the bottom of the secondary chart indicate strong buying interest during major price movements. Higher volume tends to confirm critical market transitions. Hence, the April reversal holds more weight in this context.
Additionally, the consistent cycle behavior supports the idea of a long-term bullish structure. With April’s candle forming a textbook reversal, Ethereum appears poised for sustained upside. Traders now look for continuation above key resistance to confirm the trend shift.
