ETH MACD Crossover Sparks Talks about 2021 Style Rally

tl;Dr.

• Ethereum repeated the breakthrough setup for 2020, which heightens expectations for potential major rally.
• Monthly MACD Crossover and RSI 52 near ETH may have more space to climb.
• ETH defended the 50-day EMA at $4,164 and maintained strong support across all major moving averages.

Ethereum shows monthly MACD crossover

Ethereum (ETH) has printed a new crossover on the monthly MACD indicators, which some market analysts see as a potential turning point. Crypto Trader Merlijn traders called the move a “monster ignition” and pointed to the completion of a multi-year integration phase.

Ethereum is accusing monsters of action

Fresh MACD crossover.
3 years of squeezing in Apex.
Monthly candles scream bullish.

Interrupt $4,450 and $eth Don’t walk…it tear apart.
Don’t call it the Hope Empire. Call it ignition. pic.twitter.com/kkgug4l34p

– Trader Merlin (@MerlijnTrader) September 8, 2025

It is worth noting that the MACD crossover on the monthly chart is considered rare, especially after three years of squeeze. This was the last time before the 2020-2021 rally, with Ethereum rising sharply in a few months. ETH is now trading near the key level of $4,450, which marks the top of its long-term resistance range.

Ethereum’s recent breakthroughs and callbacks appear to be similar to the price behavior in the 2020-2021 cycle. At that time, Eth broke out in a long downward trend, retested its breakout level, and then began a steep climb to a new high.

The chart shared by trader Merlijn shows that Ethereum once again broke on the downtrend line and recovered its previous resistance to close to $3,650 to $4,000. Traders noted: “2021 gives us the model. 2025 gives us the opportunity,” which suggests that the setting may cause duplication of previous price behavior.

Ethereum is repeating history

2021 shows us the pattern.
2025 shows us opportunities.

Retesting is where legends buy it.
Breakthrough is the place of destiny.$eth Not finished. It just started. pic.twitter.com/81TVRNLP70

– Trader Merlin (@MerlijnTrader) August 29, 2025

Although comparisons with past cycles provide perspectives, Ethereum still needs to confirm the power of more than $4,450 to open the door to further rise.

ETH remains strong as momentum is established

ETH recently bounced from the 50-day exponential moving average and now supports around $4,164. The ability to stay above this level shows that buyers are still active and defending critical areas.

It is worth noting that the price is also above all other major EMAs (20, 50, 100 and 200), which gives it a strong technical foundation. Maintaining these levels usually reflects trend stability and provides structure for future movements.

Meanwhile, the daily relative intensity index (RSI) is located in 52. This neutral region shows that the market is balanced, with neither strong buying nor selling pressure. In previous market cycles, similar RSI levels during the uptrend allowed gradual upwards without in-depth corrections.

As of press time, Ethereum’s price was around $4,360. It has increased by 1% in the past 24 hours, while showing a slight decline per week. The transaction volume in the past day was $30.36 billion.