Ethereum Holds Support as Key Indicator Signals First Bullish Crossover Since September

TLDR:

• Ethereum’s MACD posts its first bullish crossover since September, signaling renewed momentum near critical technical levels.
• Price rebounds sharply from the $2.7K–$2.9K support zone, reinforcing continued buyer strength during increased market volatility.
• Traders now focus on the $3,900 resistance, viewed as the barrier that could confirm a full trend shift if broken cleanly.
• Taker Buy/Sell Ratio nears 1.0 after the Fusaka upgrade, showing aggressive futures accumulation ahead of potential upside targets.

Ethereum is stabilizing after an extended corrective phase, with price action showing renewed strength from a critical demand zone. 

The asset is attempting to build momentum as traders assess whether the market is preparing for a broader shift before the end of the year.

The improving structure follows a sharp reaction from major support, offering early indications that buyers are regaining control. Market attention now turns toward the next resistance level that may determine the direction heading into 2026.

MACD Prints Bullish Crossover as Buyers Defend Key Zone

ETH support holds as MACD signals its first bullish crossover since September, suggesting a change in market behavior after several challenging months.

Crypto analyst Merlijn The Trader observed that the indicator has flipped positive, with expanding green histogram bars adding to the improving outlook. This shift appears shortly after Ethereum rebounded strongly from the $2,700–$2,900 area.

The support zone has acted as a reliable floor throughout the year, with buyers consistently stepping in whenever price approaches the range. 

The latest defense adds to the view that demand remains intact, particularly as volatility begins to increase. Merlijn noted that the price surged quickly from the region, confirming the strength of the rebound on higher momentum.

With the structure stabilizing, all attention now centers on the $3,900 resistance zone, a “Need to Break” level. 

This area aligns with declining moving averages that have capped previous attempts at recovery. A decisive move above $3,900 would change the market trend and could open room for accelerated movement during Q1.

Post-Fusaka Activity Lifts Taker Ratio Toward Breakout Levels

Additional futures market data reinforces the improving sentiment.

According to CryptoQuant analyst CryptoOnchain, Ethereum’s Taker Buy/Sell Ratio jumped to 0.998 on Binance, the highest level recorded in four months. This rise occurred immediately after the Fusaka network upgrade on December 3, 2025, showing strong participation from aggressive buyers.

The metric had previously dropped to 0.945, but its rapid recovery suggests that traders view the upgrade as supportive for market direction. 

Although the spot price remains near $3,130, the ratio has moved ahead of price action and often serves as an early signal during trend shifts. The current reading places the market near the 1.0 threshold that many consider a confirmation level.

A move above 1.0 would show that futures traders are firmly positioned on the buy side, increasing confidence that the November correction has concluded. 

CryptoOnchain added that this shift could support progress toward the $3,500 and $4,000 areas. Traders are now monitoring both technical and futures metrics as Ethereum approaches the next major test on the chart.

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