Ethereum’s Rebound Sparks Bull Market Rumors—Just in Time for the Next Crypto Casino Round
Ethereum’s price just staged a 20% recovery—was that the dead cat bounce before the plunge, or the first green shoot of a new bull market? Traders are split, but the charts hint at momentum shifting.
The rally follows months of sideways action, with ETH finally breaking key resistance levels. Institutional inflows ticked up last week, and DeFi TVL is creeping higher—classic signs of speculative froth returning.
Of course, Wall Street’s latecomers will now ’discover’ crypto again (after selling the bottom, per usual). Whether this marks a sustained uptrend or just another pump for the exit liquidity crowd depends on one thing: if the ’number go up’ brigade can outrun the Fed’s next rate hike announcement.
Ethereum’s Trusted Trendline Strikes Again – Bulls Regain Control
According to UniChartz, in a recent post on X, Ethereum has once again delivered a powerful bounce from its long-term rising support trendline, a level that has consistently served as the launchpad for major upward moves in previous cycles. This trendline has proven to be more than just a visual guide; it’s a psychological and technical battleground where bullish sentiment has repeatedly resurfaced, helping ETH defy downward pressure when it matters most.
UniChartz further emphasized that this marks the third time ETH has successfully rebounded from this trendline, adding further credibility to its role as a dependable support level. With this repeated validation, the trendline is now firmly established as a foundation for Ethereum’s bullish structure.
Looking ahead, if ETH manages to break decisively above the $2,030 to $2,160 resistance zone, it could open the door to a significant move toward the $2,540 level. This scenario sets the stage for renewed confidence in Ethereum’s long-term trajectory.
MACD And RSI Indicators Hint At Renewed Bullish Momentum
In the world of technical analysis, the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators are among the most trusted tools for signaling potential market moves. Currently, both indicators suggest a possible resurgence of bullish momentum, drawing attention to the price action.
The 1-day MACD has recently moved into positive territory, the MACD line crosses above the signal line, often indicating the start of strong momentum. When combined with an increase in volume, the crossover becomes even more significant, demonstrating the potential for an extended rally.
On the other hand, the 1-day RSI has been gradually climbing and is sitting in the neutral to slightly bullish zone, which means the asset is not yet overbought. A reading above 50 generally suggests positive momentum, and as the RSI continues to trend higher, it reinforces the thesis that the market is preparing for a breakout.
Together, these two indicators are aligning to support the notion of a renewed upward momentum. Traders should watch for confirmation, particularly with price action breaking through key resistance levels, which would validate the signals provided by the MACD and RSI.
