11-9-2025 – Ethereum’s monthly chart has flashed a rare MACD crossover, a technical signal last seen in 2020 before a significant price surge, drawing attention from analysts. Crypto trader Merlijn The Trader, as cited by CryptoSlate, highlighted this “monster ignition” pattern, noting Ethereum’s break above a downward trendline followed by a retest of former resistance near $4,164, now acting as support.
This mirrors 2020’s setup, when a similar retest preceded a major rally. Currently trading at $4,360, Ethereum is holding above its 50-day exponential moving average and all major moving averages, signaling a healthy trend. The Relative Strength Index (RSI) at 52 remains neutral, suggesting room for upward movement without immediate overbought risks.
High trading volume further supports the significance of this price action. Despite the bullish setup, analysts caution that Ethereum must decisively clear the $4,450 resistance to confirm a breakout. Failure to do so could stall momentum, as past patterns don’t guarantee future gains. The market’s response to this signal comes amid growing institutional interest and regulatory clarity, which could amplify Ethereum’s potential if the bullish trend holds.
