Ethereum is showing two bullish chart signals at once, with weekly momentum starting to improve and short term price action reclaiming a key level. Together, the setups suggest $ETH may have room for another upside move, although traders still face strong resistance before any broader trend shift becomes clear.
Ethereum MACD Turns Up on Weekly Chart as Past Signals Point to Recovery Setup
Ethereum is showing an early momentum shift on the weekly chart as the MACD starts to curl upward from deeply negative levels. The chart shared by Jake Wujastyk highlights a setup that has appeared before, with the latest boxed area showing $ETH stabilizing while the MACD lines begin to turn higher.
Ethereum Weekly MACD Curl Chart. Source: Jake Wujastyk
That matters because the same pattern showed up in earlier periods that were followed by stronger upside moves. On the lower indicator, the blue MACD line is trying to rise back toward the orange signal line after a long decline. At the same time, price is moving sideways inside a tight weekly range, which suggests selling pressure may be easing.
The chart points to a possible transition rather than a confirmed breakout. In other words, Ethereum has not completed a bullish reversal yet, but the momentum structure is improving. Previous boxed areas on the chart show that similar MACD turns developed near local bottoms before price pushed higher in later weeks.
Price action also supports that reading. Ethereum fell sharply before entering a narrower consolidation zone near recent lows. That kind of base can matter because it shows the market is no longer falling in a straight line while momentum begins to recover underneath.
Still, the signal is not complete on its own. A curl higher in weekly MACD can suggest building strength, but traders usually look for follow through in price before treating it as confirmation. Until Ethereum breaks out of its current range, the setup remains an early bullish signal rather than proof of a larger trend change.
For now, the main takeaway is clear. Ethereum’s weekly MACD is starting to turn up again, and past examples on the chart show that this structure has preceded upside moves before. That leaves traders watching whether this recovery signal develops further in the next few weekly candles.
Ethereum Reclaims Key Support as Chart Points to Possible Push Toward $2,200
Ethereum has moved back above the $2,100 zone after holding the $2,000 area, according to the daily chart shared by Ted. The setup shows $ETH bouncing from a lower support cluster and reclaiming an important short term level that had acted as a barrier during the recent structure.
Ethereum Support and Resistance Breakout Chart. Source: Ted
That rebound matters because the chart outlines a possible path toward the next resistance zones above. The first red band sits near the current breakout area, while higher resistance is marked around the mid $2,400 region and another level near $2,624. In the near term, the chart suggests Ethereum could first test the $2,200 area if buyers keep control.
At the same time, the structure is not fully bullish yet. The white arrows on the chart show two possible paths, with one scenario pointing to a short term continuation higher before another rejection. In other words, the breakout above $2,100 improves momentum for now, but it does not rule out another move lower later.
The key point is that the $2,000 area held when Ethereum needed support most. Because of that, buyers regained room for a relief move. However, the chart still places major resistance overhead, so any upside push may face pressure as $ETH approaches the next marked supply zones.
For now, the short term picture has improved after the recovery above $2,100. If that breakout holds, Ethereum may have room for one more push toward $2,200 before the market decides whether to continue higher or resume the broader downtrend.
