Ether bounced off multi-year support, while a bullish MACD crossover could signal that ETH is on the path to new highs.
Ether (ETH) is currently displaying a technical pattern that follows a 2025 fractal, in which Ether gained 250%. The weekly timeframe chart shows Ether retesting an ascending trend line that has supported the price since 2022.
A bullish cross from the moving average convergence divergence (MACD) indicator also confirmed the price bottom.
Ether’s current price action is following a similar pattern, with the price again bouncing off the same structural support and a confirmed bullish MACD crossover.
