Ethereum (ETH) Market Split: Bearish MACD or Incoming Bull Flag Rally?

Ethereum is showing mixed signals on the charts, with analysts watching key technical levels and momentum ￰0￱ downside risks have emerged, other signals suggest possible support near current ￰1￱ asset remains above $3,900, a level that several traders are monitoring as a key ￰2￱ Momentum Builds on Weekly MACD Ali Martinez noted that Ethereum is close to a bearish MACD crossover on the weekly timeframe, a pattern that has led to steep price drops in past ￰3￱ last two times this signal appeared, ETH fell by 43% and 61%. The MACD histogram is also turning lower, pointing to fading ￰4￱ $ETH is on the verge of a bearish MACD crossover on the weekly ￰5￱ last two times it happened, the price dropped 43% and 61%. ￰6￱ — Ali (@ali_charts) October 16, 2025 Ethereum is trading near $4,000 at press time, down 4% over the past day and 10% on the ￰7￱ crossover has not yet been ￰8￱ the signal completes, some expect a stronger correction to ￰9￱ Oversold and Flag Pattern Still Active Tom Tucker noted Ethereum’s RSI is sitting at around 16, a level considered deeply ￰10￱ said, “ RSI at 16.25 = heavily oversold territory ,” adding that rebounds often follow similar ￰11￱ also noted that bearish signals might be drawing in sellers too ￰12￱ of Crypto shared a chart showing a bull flag pattern on Ethereum’s weekly ￰13￱ flag follows a sharp rally and is still ￰14￱ the breakout occurs, the pattern points to a move toward $6,700.

This is based on the height of the flagpole added to the breakout point.) October 15, 2025 If this area holds, the upper pricing bands suggest upside toward $5,000 and $6,000. If it fails, traders may look toward lower zones near $2,800. Institutional Demand and Blockchain Use Expanding Bitwise reported that 95% of ETH held by public companies was bought in the last quarter. A total of 4.4 million ETH was added, a 1,937% rise compared to the previous ￰15￱ holdings by public firms and ETFs now stand at 12.50 million ETH, or 10.31% of the total ￰16￱ X said Ethereum is becoming the settlement layer of the digital ￰17￱ supply is nearing $45 billion, while BlackRock’s BUIDL fund now holds over $2 billion in tokenized US ￰18￱ said both are “ growing side by side ” without coordination, powered by market use of Ethereum’s infrastructure.