Ethereum forms a bullish MACD cross below the zero level on the 2-week chart, signaling early momentum shift in trend direction.
ETH attempts to reclaim a 2022 ascending trendline with strong price action, gaining over 7% and pushing through key resistance zones.
Institutional demand surges as ETH CME futures open interest reaches $3.27 billion, its highest level since February 2 this year.
Ethereum (ETH) experienced a bullish MACD cross on the 2-week chart for the first time since January 2023. The cross was recorded below the zero line, which tends to occur at the lower end of the potential spectrum with a new trend layer of market structure. With ETH priced at $2,782.93 as of writing, the market is closely watching its next move as bullish momentum begins to re-emerge.
Bullish MACD Cross Below Zero Level Sparks Market Interest
According to CrypFlow, Ethereum has printed a bullish MACD cross on the 2-week chart — a setup not seen in over 18 months. Notably, the crossover has occurred below the zero line, which historically appears during early stages of potential trend reversals. These formations have previously led to larger price moves in past cycles.
The MACD cross arrives as ETH posts a strong +7.76% 2-week candle, with increasing volume. This activity suggests that momentum is building as Ethereum attempts to recover levels previously lost. The move signals a shift in sentiment and market structure, potentially laying the groundwork for an extended uptrend if sustained.
ETH Pushes to Reclaim 2022 Cycle Trendline
In tandem with the MACD development, Ethereum is now testing a critical trendline that originated from the 2022 cycle bottom. This ascending structure had served as strong support throughout 2023. However, ETH lost the level in early 2025.
At the time of writing, Ethereum is making an attempt to reclaim this trendline with significant buying volume. If it successfully, that would suggest a structural recovery, supporting the bullish narrative and allowing for further market entrants. The key horizontal support levels are at $2,124 and also $2,490, both are supportive on previous correction.
On the upside, resistance is expected around $4,021 — the former 2021 cycle top. A decisive push above the trendline could open the door for a test of this resistance zone.
Institutional Activity Rises with Price Momentum
As ETH price action strengthens, institutional interest is also increasing. According to data from Glassnode, the 7-day SMA of ETH CME futures open interest has climbed to $3.27 billion. This is the highest level recorded since February 2 and indicates growing institutional positioning.
The increase in open interest correlates with recent price gains and is indicative of larger market participants entering the market. Both the recent technical developments in Ethereum and rise in open interest could lend further price increases in the near term.
If Ethereum succeeds in reclaiming its trendline and establishing momentum in MACD, it could presage a new wave of strength across altcoins. In the past, Ethereum's price movement has often foreshadowed strength in other altcoins, and the current signals appear to be supporting this idea once again.
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