Ethereum has rebounded from long-term support and confirmed a bullish crossover in the weekly moving average convergence divergence (MACD). It is showing a technical pattern similar to the period just before its sharp rise in 2025.

On April 14, Cointelegraph reported that Ethereum rebounded after retesting an uptrend line that has supported its price since 2022. The report said the latest move resembles the pattern that previously led to a 250 percent rise.

The key is that structural support and momentum indicators have turned at the same time. On the weekly chart, Ethereum again saw buying interest near a multi-year uptrend line. A bullish MACD crossover added weight to the possibility that it has passed a bottom.

Analyst Max Crypto said in a post on X, formerly Twitter, that the current move shows a "similar structure, similar dump, similar consolidation" to the period of the 250 percent surge. He said Ethereum could head toward $6,300 if the past pattern repeats.

It remains to be seen whether further gains lead to a full trend reversal, as that will depend on breaking key levels. Analyst Cryptoland said Ethereum "needs to break above the key $2,400 zone." The rebound alone is not enough to confirm a change in direction, meaning an upside break through resistance must follow.

Supply and demand indicators are also improving. According to Caprioli Investment's Ethereum apparent demand indicator, Ethereum demand turned positive after April 8 and rose to 24,111 ETH on April 14, the highest since Dec. 31 last year. This is seen as a result of U.S.-Iran expectations for an end to the war lifting investor sentiment and reviving Ethereum demand.

Signs of a demand rebound were also detected in the U.S. spot market. The Coinbase premium index measures the difference between Coinbase's ETH/USD and Binance's ETH/USD prices, and it recently turned positive and rose to 0.055. That is the highest level since October 2025. CryptoQuant analyst Arab Chain said the increase "reflects a large inflow of institutional liquidity."

Institutional flows pointed in the same direction. U.S. spot Ethereum exchange-traded funds (ETFs) have recorded net inflows for three straight sessions, totaling $160 million. Global Ethereum exchange-traded products (ETPs) also saw $196.5 million of inflows last week, and simultaneous inflows into spot ETFs and global listed products are cited as the backdrop to this move, as they make the signal of rising institutional investor demand more distinct.

The Ethereum market has entered a phase in which technical rebound signals, improving spot demand and institutional inflows are appearing at the same time. Looking ahead, whether it breaks above $2,400, the durability of ETF inflows and whether the Coinbase premium stays positive are expected to remain key variables for a trend reversal.

Similar Structure. Similar Dump. Similar Consolidation. What if $ETH repeats the Q2/Q3 2025 rally? pic.twitter.com/7g7WTFqLyB