Ethereum Bulls Rise Again: Is This the Signal We’ve All Been Waiting For?

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The Ethereum bulls, like prisoners in a Soviet labor camp, have finally stirred from their slumber, clutching the SuperTrend indicator like a last crumb of bread.

Ethereum’s bulls, long shackled by the chains of sideways price action, now dance with the vigor of a man who’s just discovered the secret to surviving a gulag. The SuperTrend, that fickle oracle of markets, has finally blinked its green light-a signal so rare it might as well be a meteor shower.

ETH, trapped in its long-term bullish straitjacket, teeters between $1,850 (a price so low it makes you wonder if it’s a typo) and $4,709 (a number that whispers of dreams deferred). Traders, like vultures circling a carcass, await confirmation of a recovery that might arrive when pigs learn to fly.

SuperTrend Signal: A Green Light or a Mirage?

Ethereum’s recent performance reads like a Soviet propaganda film-months of grinding momentum, followed by a single flicker of hope. The SuperTrend’s buy signal, the first since May, is the market’s version of a “Dear John” letter: promising, yet suspiciously optimistic.

Ali Charts, that modern-day Nostradamus, declared the daily SuperTrend green once more. “Momentum is finally shifting back to the bulls,” he proclaimed, as if announcing the fall of the Berlin Wall. One wonders if he’s ever seen a bear market.

Momentum is finally shifting back to the Ethereum bulls. The SuperTrend, like a drunken sailor, has flashed a buy signal for the first time since May. This suggests the long consolidation period is ending-unless the market has a change of heart at 3 PM.

This suggests the long consolidation period is ending and a new upward trend is beginning. Or perhaps it’s just a statistical fluke dressed in a suit.

– Ali Charts (@alicharts)

The signal, while promising, is as reliable as a Politburo promise. Buyers may be returning, but until ETH breaks above $4,709, we’re just watching a play where the ending is written in pencil.

Ethereum remains inside an ascending triangle, a geometric prison that feels less like a chart pattern and more like a metaphor for modern finance.

MVRV Reset: A Witch Hunt for Value?

The recent dip near $1,800 was a test of patience, a price so low it could only be explained by a cosmic joke. The MVRV ratio, now below 0.8, is the market’s way of saying, “Yes, we’re undervalued… probably.”

Ali Charts, ever the optimist, claims similar MVRV resets preceded past rallies. But history, as any economist knows, is just a series of coincidences dressed up as lessons.

The first target, $2,356, feels like a warm-up act for the main event. After that, traders will chase $2,647 and $3,639 like a dog chasing a bus. Higher zones near $4,632 and $5,624? Those are numbers that exist only in the fever dreams of HODLers.

The Long-Term Chart: A Bullish Fairy Tale?

Crypto Patel, that sage of the blockchain, insists Ethereum is “building a massive base before the real move starts.” A bold claim, considering the last “massive base” ended with a cliff dive. He claims $10,000-$20,000 is “not an extreme target,” which is like saying climbing Everest is just a stroll to the mailbox.

The ETH/USDT two-week chart shows a price near $2,318, clinging to a rising trendline like a drowning man to a life raft. The accumulation zone, between $1,350 and $1,850, is a graveyard of forgotten hopes. Support at $1,850? A fragile line, thinner than a Soviet ration card.

Resistance near $4,709 is a triple-top rejection zone, a psychological scar that won’t heal unless the bulls conjure a miracle. A breakout there would be the market’s version of a revolution-sudden, chaotic, and likely to end in tears.

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2026-04-26 00:55