Ethereum Shows Potential Bullish Momentum with MACD Cross and Rising Institutional Interest
2025-07-10 10:48:36
Main Idea
Ethereum shows potential bullish momentum with a rare MACD crossover below zero and a retest of the 2022 ascending trendline, alongside increased institutional interest reflected in rising ETH futures open interest.
Key Points
1. Ethereum (ETH) has recorded a rare bullish MACD crossover below the zero line, indicating a potential early trend reversal, unseen since January 2023.
2. ETH is testing a pivotal ascending trendline from the 2022 market cycle bottom, with a recent price surge of over 7% reinforcing bullish market structure.
3. Critical support levels are at $2,124 and $2,490, while resistance near $4,021 remains a key target.
4. ETH futures open interest has climbed to $3.27 billion, the highest since February 2, 2025, signaling increased institutional interest.
5. The combination of the MACD crossover and trendline retest marks a critical juncture for Ethereum, suggesting renewed optimism for the asset.
Description
Ethereum’s recent bullish MACD crossover below zero on the 2-week chart signals a potential trend reversal, attracting renewed institutional interest. ETH is aggressively attempting to reclaim a critical 2022 ascending
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