- Ethereum just posted its first 2-week MACD crossover since 2023, a move that usually sparks strong price momentum ahead.
- After climbing more than 60% in just one month, Ethereum is once again knocking on the $4K resistance level with force.
- RSI and MACD indicators align with breakout patterns last seen before ETH’s 2021 and 2023 rallies.
Ethereum is approaching the critical $4,000 resistance after gaining 60% since early April. With strong structure and bullish indicators, traders are watching closely to see if a breakout is next.
Ethereum Tests $4K Resistance as Indicators Suggest Momentum Continuation Ahead
Ethereum continues pressing toward the critical $4,000 resistance zone after a strong run from its $2,400 base. According to chart updates from CrypFlow (@Crypflow), the recent MACD crossover on the 2-week chart is the first since January 2023. This technical signal often appears before a notable upward phase in ETH’s historical performance.
Besides the MACD signal, Ethereum has gained over 60% in the past month, trading above $3,800. Price action remains strong across key timeframes. The price is now testing the same resistance level that caused three rejections during this bull cycle. With improved momentum and volume support, the stage is being set for a potential breakout above this zone.
MACD and RSI Confirm Market Strength
The MACD on the 2-week chart currently reads 134.06 with a clear crossover, marking the strongest signal since 2021. RSI has broken above its February 2024 downtrend and now sits at 61.87. These metrics are pointing toward strengthening upward pressure and increased interest from traders..
Ethereum recently regained its upward trendline that’s been building since 2022, supported by a series of higher lows. The price retested this line successfully, helping fuel the momentum behind its ongoing rally.
Price remains well above this structure, which now acts as a foundation for further upward continuation.
Support and Resistance Levels to Watch
Support remains visible at $2,490.60 and $2,124.90—both key zones during previous consolidations. Deeper support lies around $1,700 and $1,548.05. Resistance stands firm near $3,985, a price that rejected three previous breakout attempts in this cycle.
If ETH breaks above $4,000, $4,300 is the next target. Historic patterns show Ethereum rallied faster once it clears multi-year resistance zones. Altcoins often follow ETH’s lead during such expansion phases.
