UniChartz further emphasized that this marks the third time ETH has successfully rebounded from this trendline, adding further credibility to its role as a dependable support level. With this repeated validation, the trendline is now firmly established as a foundation for Ethereum’s bullish structure.
Together, these two indicators are aligning to support the notion of a renewed upward momentum. Traders should watch for confirmation, particularly with price action breaking through key resistance levels, which would validate the signals provided by the MACD and RSI.
