ETH surges 7% to lead! Monthly MACD shows an important signal—has the reversal been confirmed?

Don’t just keep staring at Bitcoin anymore! Ethereum today is leading strongly with a rally of more than 7%, and more importantly, its monthly chart has shown its first positive signal since the drop at the end of 2025.

Macro momentum is strengthening: Ethereum’s monthly MACD histogram has turned positive, marking the first time this constructive macro momentum signal has appeared in a long time, suggesting that the bearish momentum on a longer time frame may have already run out of steam.

Hold the long-term trend line: The April low of $2,017 successfully defended the long-term rising support trend line that connects the major lows since 2019—this is a very important structural support.

Short-term overbought pressure: Although the trend is looking good, the RSI on the 4-hour chart has entered overbought territory, and the price in the $2,380 - $2,436 range will face a tough test. This is the pressure zone where the Fibonacci 0.618 retracement level overlaps with a dense trading area.

💎 Trading strategy reference:

Bullish strategy: After pulling back to and stabilizing in the $2,320 - $2,345 area, look for low entries to go long, or wait for a breakout with increased volume above $2,400, then pull back for confirmation before following in.

Key risk control: A valid drop below $2,260 (the 61.8% retracement level) would break the short-term structure, so be alert for a deeper correction.

Is ETH’s monthly signal strong enough? Do you think it can successfully break through the key watershed at $2,436? Like and follow, and share your technical analysis in the comments!