- Ethereum mirrors July’s bullish pattern with RSI holding 50, Stoch RSI flipping upward, and MACD signaling momentum from oversold conditions.
- ETH trades above $3,950 support, transforming old resistance into a base for a potential rally that could extend into fresh price discovery.
- Institutional adoption, regulatory clarity, and allocation in Trump’s portfolio strengthen Ethereum’s position as a leading macro asset for Q4 growth.
Ethereum (ETH) is showing a bullish technical structure that mirrors the July rally, with indicators signaling momentum for a potential breakout above previous highs.
Historical Rally Signal Returns
Crypto analyst CrypFlow noted that Ethereum’s 5-day chart has recreated a setup similar to one seen in early July. During that period, ETH traded around $1,900–$2,000 before a 135% rally pushed the price to $4,500.
The conditions were clear at that time. RSI maintained the 50 level, reflecting trend strength. The RSI held the 50 level, showing trend strength, while Stochastic RSI turned bullish from oversold, generating large upward momentum.
These are two combined indicators that enabled ETH to surge sharply into the $4,500 area, marking one of its strongest up moves of the year.
Current Technical Setup
The same technical picture is forming again. RSI is currently holding the 50 level, pointing to sustained bullish pressure in the market. At the same time, Stochastic RSI has begun to move upwards out of oversold territory which repeats the conditions of the July move.
In addition, the MACD is showing signs of curling upward which could indicate a positive crossover soon.Analysts consider this a supporting factor for continued momentum.
Ethereum is also trading near the $3,950–$4,050 range. This zone, once a resistance, is now acting as strong support. Holding this level may be a key base for the next breakout.
Possible Path Toward New Highs
If Ethereum follows the July playbook, another 135% rally from current levels could project a move toward $9,000–$9,500. That would place ETH well above its previous all-time high of $4,900.
Ash Crypto emphasized Ethereum’s broader position in the market, stating that ETH is among the best macro assets for Q4. He pointed to institutional adoption, regulatory clarity, and large-scale development on Ethereum as supportive factors.
Despite being only 10% below its 2021 high, ETH’s structure shows potential for price discovery. With momentum indicators aligning, Ethereum’s path toward new highs remains firmly in view.
