Ethereum Shows Bullish Momentum with 7% Surge, Institutional Interest Rises

Ethereum has recently exhibited signs of potential bullish momentum, as indicated by a bullish MACD crossover below zero on its 2-week chart. This technical event, which has not been observed since January 2023, suggests a shift in market sentiment from bearish to bullish. The MACD crossover is particularly noteworthy as it often occurs at the lower bounds of market cycles, indicating potential for significant price appreciation if the momentum is sustained.

In addition to the MACD signal, Ethereum is actively challenging a critical ascending trendline established during the 2022 market cycle bottom. This trendline has historically served as strong support throughout 2023 but was breached in early 2025. Ethereum'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 participation in Ethereum markets is intensifying, as evidenced by the rise in CME futures open interest. Data 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.

The bullish MACD crossover below zero, combined with Ethereum's 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.