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Ethereum’s recent bullish MACD crossover below zero on the 2-week chart signals a potential trend reversal, attracting renewed institutional interest.
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ETH is aggressively attempting to reclaim a critical 2022 ascending trendline, showing strong price momentum and breaking through key resistance levels.
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According to COINOTAG, institutional demand surges as ETH CME futures open interest hits $3.27 billion, marking the highest level since early February 2025.
Ethereum’s bullish MACD cross below zero and trendline retest spark institutional interest, with ETH futures open interest reaching $3.27B, signaling renewed market momentum.
Ethereum’s Bullish MACD Cross Below Zero Signals Early Trend Reversal
Ethereum (ETH) has recorded a rare bullish MACD crossover below the zero line on its 2-week chart, a technical event that often marks the early stages of a trend reversal. This crossover, unseen since January 2023, indicates a shift in momentum from bearish to bullish, suggesting that Ethereum could be entering a new upward phase. The MACD cross below zero is particularly significant because it typically occurs at the lower bounds of market cycles, highlighting potential for substantial price appreciation if the momentum sustains.
Testing the 2022 Ascending Trendline: A Key Technical Battleground
Alongside the MACD signal, Ethereum is actively challenging a pivotal ascending trendline established during the 2022 market cycle bottom. This trendline has historically acted as strong support throughout 2023 but was breached in early 2025. ETH’s recent price surge of over 7% and increased trading volume demonstrate robust buying interest as it attempts to reclaim this level. Successfully retaking the trendline would reinforce a bullish market structure, potentially paving the way for further gains. Critical horizontal support levels at $2,124 and $2,490 provide additional price floors during this recovery phase, while resistance near $4,021 remains a key target for bulls.
Institutional Interest Surges as ETH Futures Open Interest Peaks
Institutional participation in Ethereum markets is intensifying, as evidenced by the rise in CME futures open interest. Data from Glassnode reveals that the 7-day simple moving average of ETH futures open interest has climbed to $3.27 billion, the highest since February 2, 2025. This uptick aligns with the recent bullish price action, indicating that larger market players are increasing their exposure to Ethereum. The growing institutional demand adds credibility to the technical signals and may provide the necessary liquidity and confidence for sustained upward momentum. Historically, Ethereum’s strength often presages broader altcoin market rallies, making this development particularly noteworthy for investors.
Conclusion
Ethereum’s bullish MACD crossover below zero combined with its push to reclaim the 2022 ascending trendline marks a critical juncture for the asset. The surge in institutional interest, reflected in rising CME futures open interest, further supports the potential for a sustained bullish phase. While resistance levels remain to be tested, the current technical and market dynamics suggest renewed optimism for ETH and the broader crypto market. Investors should monitor these key indicators closely as Ethereum could once again lead altcoin momentum in the coming weeks.
