- Ethereum shows early signs of a bullish trend reversal, marked by a MACD crossover below zero on the 2-week chart.
- ETH is retesting a critical 2022 ascending trendline, with strong buying pressure helping reclaim key technical levels.
- Institutional interest surges, with CME ETH futures open interest rising to $3.27 billion—the highest since February 2025.
- If momentum holds, Ethereum could break toward higher resistance levels, potentially reigniting a wider altcoin rally.
Ethereum Bullish MACD Cross Below Zero Signals a Possible Trend Reversal
Ethereum (ETH) has caught the market’s attention after forming a bullish MACD crossover below zero on its 2-week chart. This rare technical occurrence, unseen since January 2023, typically signals a shift from bearish to bullish momentum—often marking the early stages of a significant price recovery.
This technical event suggests that Ethereum may be transitioning from a prolonged downtrend to a potential bullish phase, especially if momentum continues to build. The MACD crossing below the zero line adds weight to the signal, typically reflecting bottoming conditions in broader market cycles.
Ethereum Tests 2022 Ascending Trendline: Key Price Levels to Watch
Beyond the MACD signal, Ethereum is retesting a critical ascending trendline from the 2022 market cycle bottom, which was breached earlier this year. This trendline historically provided strong support throughout 2023, and ETH’s attempt to reclaim it shows determination from the bulls.
Ethereum recently posted a 7% price gain, accompanied by rising trading volumes. Key horizontal support zones at $2,124 and $2,490 offer price floors for ETH, while $4,021 stands as a crucial resistance target for any sustained rally.
Also Read: Ethereum Price Analysis: Could ETH Surge to $5,650?
Institutional Interest in Ethereum Rises as CME Futures Hit $3.27 Billion
Data from Glassnode, shared by COINOTAG, shows a surge in institutional activity. The 7-day simple moving average of CME ETH futures open interest has hit $3.27 billion, the highest level since February 2025.
This sharp increase in open interest reflects growing institutional appetite for Ethereum exposure, coinciding with the technical breakout. Historically, such participation adds liquidity and market confidence, often leading to broader market rallies.
Can Ethereum Lead the Next Altcoin Rally?
Ethereum’s current technical and market dynamics point toward a possible bullish resurgence. The MACD crossover below zero, combined with the effort to reclaim the 2022 ascending trendline, presents a compelling technical narrative.
Institutional players seem to agree, as CME futures activity accelerates. While ETH faces resistance near $4,021, continued momentum could push prices higher, potentially sparking renewed optimism across the crypto market.
Investors should watch these indicators closely—ETH could once again lead the charge for altcoins in the coming weeks.
