Ethereum’s daily MACD indicator has flipped bullish for the first time since September, according to widely followed crypto analyst Merlijn The Trader, reigniting debate over whether ETH is staging a genuine trend reversal or simply printing a temporary momentum shift.
The signal, first flagged in a December 4 post by Merlijn The Trader, described a bullish MACD crossover on Ethereum’s daily chart following a bounce from the $2,700 to $2,900 support zone. ETH was trading near $3,071 at the time the call circulated.
A bullish MACD crossover occurs when the MACD line crosses above the signal line, suggesting upward momentum is building. The indicator had not produced this reading on Ethereum’s daily timeframe since September, making it the first positive flip in roughly three months.
Ethereum’s MACD buy signal returns as support holds
“ETHEREUM: BULLISH CROSSOVER IS IN. MACD just flipped bullish for the first time since September. Support held. Price bounced hard,” Merlijn wrote, adding that “$3.9K is the final boss.”
The claim was picked up by multiple crypto outlets. CryptoPotato covered the signal on December 5, tying the setup to a rebound from the $2,700 to $2,900 support area. Blockonomi separately confirmed the same analyst quote, providing a second layer of editorial verification.
The support zone near $2,700 to $2,900 had been tested multiple times before the bounce that preceded the crossover. That level holding is a key part of the bull case, as it suggests buyers stepped in aggressively enough to shift short-term momentum.
Why $3.9K is the level that could confirm the breakout
Merlijn identified $3,900 as the critical resistance that would need to break to confirm a broader trend reversal. At the time the signal was discussed, ETH sat roughly 27% below that target, with daily trading volume near $24.2 billion.
A clean break above $3,900 would represent Ethereum’s highest level in months and could shift the technical picture from a bear-market bounce to a confirmed uptrend. For traders watching the MACD setup, that level is the difference between a valid signal and a failed one.
Failure to reach or hold $3,900 would leave the crossover as an isolated momentum blip rather than the start of a sustained rally. Previous MACD crossovers in crypto have frequently faded when price could not follow through to key resistance levels.
What keeps this Ethereum bull case from being fully confirmed
The “ultimate bull signal” framing is editorial shorthand, not market consensus. The entire setup traces back to one analyst’s MACD reading, subsequently amplified by crypto media. No independent TradingView dataset or exchange chart was captured to verify the exact crossover timing from raw data.
The original post on X could not be directly retrieved for independent confirmation, though its content was verified through secondary reporting by CryptoPotato and Blockonomi. That makes the evidence partial rather than definitive.
For traders, the setup offers a clear framework regardless: the MACD crossover and support bounce are the thesis, $3,900 is the confirmation level, and a rejection at resistance invalidates the near-term bull case. Whether this becomes a trend reversal or a footnote depends entirely on what happens at that resistance line, not on the signal alone.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
