Ethereum nears $4,200 resistance as ascending triangle and MACD crossover signal strong momentum.
CME futures open interest hits $7.85B, while ETF inflows top $5B over 16 consecutive days.
A 3-year volatility squeeze reaches its apex, setting up Ethereum for a potential breakout move.
Ethereum’s monthly chart shows a powerful setup, pointing toward a potential large-scale breakout. A bullish candle formation, a fresh MACD crossover, and a long-term volatility squeeze are aligning. At the time of writing, ETH was trading at $3,883, approaching the $4,200 resistance level.
Monthly Chart Structure and MACD Support Uptrend
Ethereum’s monthly chart shows price rising within an ascending triangle, with resistance near $4,800 and support levels moving upward. The recent candle closed at $3,775.32, gaining over 51%, forming a strong bullish structure.
https://twitter.com/MerlijnTrader/status/1949469824847057049
According to analysis prepared by Melijn The Trader, Ethereum is setting up for a "monster move" as it nears a key resistance breakout. The MACD indicator has confirmed a fresh bullish crossover, similar to the one seen before the 2021 rally.
This crossover reflects growing momentum and supports the view that Ethereum may follow a similar upward path. According to Galaxy BTC, breaking out of a multi-year symmetrical triangle means the move may be just beginning.
Volatility Squeeze, ETF Flows, and Institutional Activity Increase Momentum
A three-year volatility squeeze on the Ethereum chart has reached its apex, suggesting a major move could soon occur. A close above $4,200 would confirm the breakout and could push Ethereum toward its previous high near $4,800. The current structure remains consistent with historical breakout patterns.
According to data from CryptoQuant analyst Maartunn, CME Ethereum futures open interest reached a new high of $7.85 billion, indicating increased institutional activity. SoSoValue reports that Ethereum ETFs have recorded 16 straight days of net inflows, totaling nearly $5 billion.
Sharplink also added 77,210 ETH to its treasury, raising total holdings to over 438,000 ETH, based on data from Lookonchain. Combined with rising whale wallet activity and ETF inflows, Ethereum’s technical and on-chain signals continue to show bullish alignment.
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