- Ethereum’s third MACD crossover since 2023 aligns with strong trendline support, signaling a likely continuation of the uptrend.
- Historical MACD crossovers led to major rallies, and the current setup mirrors previous bullish phases from 2023 and 2024.
- Volume spikes and higher lows reinforce bullish momentum, positioning Ethereum for a potential breakout above current resistance.
Ethereum’s weekly chart shows new bullish momentum following a MACD crossover, triggering hopes of an ongoing price rally. ETH is currently at $2,457.88 as of today, down 2.26% from previous levels. The price remains well above the established support area.
A rising trendline in effect since mid-2023 warrants attention. This trendline had held against pullbacks in September 2023, July 2024, and April 2025. Each time price has touched this trendline, ETH has rebounded strongly. Now, with a fresh bullish crossover coinciding with the third test of this support, buying pressure appears to be in favor of the bulls once again.
Momentum Aligns with Structural Support
Besides price structure, the momentum indicators tell a compelling story. The MACD just delivered its third bullish crossover since 2023. Each previous crossover directly preceded strong uptrends. Consequently, traders now anticipate a similar move. Moreover, this latest crossover synced perfectly with the April 2025 support retest. Ethereum formed a higher low during this phase, suggesting strengthening underlying demand.
Source: Merlijn The Trader
Additionally, the volume profile supports this narrative. Increased trading activity occurred during each major reversal, confirming the participation of larger market players. Green bars reflected strong buyer interest during all three rebounds. This pattern strengthens the case for a possible continuation rally in the coming weeks.
Historical Trends Favor Bulls
Ethereum’s price surged from $1,500 in late 2023 to a peak near $3,700 in early 2024. That 146% move began shortly after the first MACD crossover. A second crossover appeared before the mid-2024 rally that pushed ETH close to $4,000. These historical patterns give traders confidence in the current setup.
However, after hitting those highs, ETH faced corrections that dragged the price back toward the $2,500 level. This range currently acts as a median support zone. Significantly, ETH is now climbing again from this region, reinforcing its technical strength.
