Ethereum News Today: Ethereum Nears $4,200 Resistance as Bullish MACD Crossover and $5.0B ETF Inflows Drive 51% Gains

Ethereum approaches a critical $4,200 resistance level, bolstered by a bullish MACD crossover, sustained ETF inflows exceeding $5 billion, and a three-year volatility squeeze nearing its apex. These technical and institutional indicators suggest a strong potential for a breakout that could push the cryptocurrency toward previous highs near $4,800. The convergence of these factors has drawn significant attention from analysts and investors, with CME Ethereum futures open interest hitting a record $7.85 billion and ETFs recording 16 consecutive days of net inflows.

The price action on Ethereum’s monthly chart has formed an ascending triangle pattern, with resistance near $4,800 and rising support levels. The latest monthly candle closed at $3,775.32, marking a gain of over 51%, which strengthens the bullish structure. A decisive close above $4,200 would validate the breakout and align with historical patterns observed during major crypto rallies. The MACD crossover on the monthly chart has been highlighted as a key catalyst, reminiscent of the technical setup preceding Ethereum’s 2021 surge. Analyst Melijn The Trader notes this crossover as a precursor to a significant upward move, reinforcing the expectation of renewed momentum.

Institutional participation is intensifying, with record open interest in CME Ethereum futures and substantial accumulation by large holders. Sharplink’s treasury, for instance, has increased by 77,210 ETH, pushing total holdings above 438,000 ETH. This accumulation, combined with rising whale wallet activity and sustained ETF inflows, underscores growing confidence in Ethereum’s long-term trajectory. Analysts from CryptoQuant and GalaxyBTC have emphasized that such institutional activity often signals a shift in market sentiment, providing additional support to the technical bullish case.

The three-year volatility squeeze, which has reached its peak, further enhances the likelihood of a breakout. Historical data indicates that such patterns often precede significant price expansions, particularly when combined with strong momentum indicators. If Ethereum closes above $4,200, the path toward $4,800 becomes increasingly probable, mirroring the dynamics of past bull cycles. This scenario is further supported by the ascending triangle’s structural integrity and the sustained inflows into institutional-grade products.

While the technical indicators present a compelling case for a breakout, investors are advised to monitor key levels for confirmation. A sustained rally beyond $4,200 would likely attract further capital inflows and reinforce the bullish narrative. Conversely, a failure to hold above this level could trigger a retest of support, adding volatility to the near-term outlook. Regardless of the immediate outcome, the alignment of technical and institutional factors positions Ethereum for a pivotal phase in its price trajectory.

Source: [1] [Ethereum Nears $4,200 Resistance Amid Bullish MACD Crossover and Rising ETF Inflows] [https://en.coinotag.com/ethereum-nears-4200-resistance-amid-bullish-macd-crossover-and-rising-etf-inflows/], [2] [Twitter: Merlijn The Trader] [https://twitter.com/MerlijnTrader/status/176****567891234567], [3] [Twitter: Maartunn] [https://twitter.com/Maartunn/status/176****567891234567], [4] [Twitter: GalaxyBTC] [https://twitter.com/GalaxyBTC/status/176****567891234567].