Ethereum Surges 11.73% Weekly, Reclaims Key Trend Support

Ethereum has demonstrated a strong recovery, bouncing back from a low of $1,550 and regaining momentum near the $2,488 resistance level. This rebound has allowed Ethereum to reclaim a key trend support curve that has been significant in past bull cycles. The weekly MACD indicator shows a bullish crossover, suggesting that Ethereum is attempting to break past the $2,500 mark. This shift in momentum comes after a steep flush, indicating a potential move toward $2,700 and beyond.

Ethereum's recovery mirrors previous cycle resets, where the cryptocurrency has shown a pattern of retesting its long-term trendline before resuming an upward trajectory. The current price action near $2,488 aligns with historical market bottoms that have preceded major upside cycles. Ethereum's interaction with its decade-long logarithmic regression curve further supports this analysis, as the cryptocurrency has bounced back from the lower green band support seen in late 2018, mid-2022, and early 2025. These periods have all marked the end of long-lasting downtrends and the beginning of robust reversals.

Ethereum's 11.73% weekly gain suggests that the $850 to $2,750 green support zone continues to experience significant accumulation and long-term buying demand. The cryptocurrency previously broke out from this curve in 2020 and defended it in 2022. After rebounding from just under $1,550, Ethereum is now regaining traction above $2,400. Historically, this type of retest has often preceded substantial rallies, with the green curve acting as the key structural base and the red upper band, near $3,500 to $4,800, serving as the ceiling. Price action is currently floating just above the curve’s midpoint, mirroring prior mid-cycle zones that preceded parabolic expansion.

Ethereum's recent wedge breakdown was followed by a swift recovery from oversold levels. The rejection near $2,870 has evolved into a cautious rebound above $2,460, as indicators turn bullish. The MACD now shows early signs of a bullish crossover, with the blue MACD line curling upward and moving closer to the orange signal line. Histogram bars are flattening out after a deep bearish phase, indicating a shift in momentum. This occurs as Ethereum attempts to reclaim the $2,500 level, which is a psychological barrier that has historically been significant.

Ethereum's behavior matches previous emotional waves, where the cryptocurrency flushed out weak hands near $2,260 before finding support and absorbing selling. The current price action suggests that Ethereum could break past $2,700 and resume trend continuation if it can confirm a push above $2,500. While resistance remains sticky, the bounce and improving momentum reflect a cryptocurrency that is once again aligning with its long-term trend. Ethereum's classic compression followed by release structure historically leads to decisive moves, and the current price action suggests that a similar move could be on the horizon.