Ethereum’s price momentum faces renewed scrutiny as analysts highlight a potential bearish MACD crossover on the weekly chart. This technical setup, which has previously preceded major corrections of 43% and 61%, signals that short-term downside pressure may intensify. Currently, Ethereum trades below $4,200 after multiple rejections near $4,700, reflecting weakening short-term sentiment.
Despite this, Ethereum maintains a strong structural base. The cryptocurrency continues to form higher lows since early 2025, with solid support around $3,700 and the 50-week moving average acting as a key stabilizing factor. This resilience suggests that while temporary declines may occur, the broader trend remains constructive for long-term holders.
Adding to the optimism, BitMine Immersion recently executed a massive $417 million Ethereum purchase, signaling institutional confidence in Ethereum’s fundamentals. The company has steadily expanded its ETH portfolio throughout 2025, viewing price dips as strategic accumulation opportunities. This large-scale buying helps reduce exchange reserves, which can soften selling pressure and support price recovery.
Analysts interpret BitMine’s accumulation as a vote of confidence in Ethereum’s staking potential and scalability upgrades, particularly amid the network’s transition toward enhanced efficiency and broader adoption. Institutional buying during market weakness often attracts similar investor interest, reinforcing Ethereum’s long-term bullish narrative.
In summary, while Ethereum’s technical indicators hint at short-term caution due to a bearish MACD pattern, strong institutional demand and consistent structural strength underpin its long-term outlook. If the $3,700 support level holds, ETH could swiftly recover momentum and aim for higher resistance zones. The current market phase, though uncertain, may ultimately strengthen Ethereum’s position as one of the most resilient assets in the digital economy.
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