Ethereum has once again triggered a bearish MACD crossover a technical signal that previously led to price drops of up to 60%. The world’s second-largest cryptocurrency is now trading near $3,938, with analysts warning that a fall below $4,000 could trigger a deeper correction.
According to report, Ethereum’s MACD (Moving Average Convergence Divergence) indicator on the weekly chart turned red this October, mirroring similar patterns from mid-2024 and early 2025 both followed by major selloffs.
Crypto analyst CRYPTO Damus noted,
“Not liking this Ethereum weekly MACD cross to red after 22 weeks green,” while Titan of Crypto advised traders to “be prepared for any scenario.”
Despite the bearish tone, some analysts still see a chance for recovery if ETH holds above $3,899, suggesting a rebound toward $5,000 could follow once the market stabilizes.
In December 2021, when Ether dropped below this same level, it eventually plunged nearly 78%, bottoming around $880 in the 2022 bear market a reminder of how critical the $4,000 mark remains today.
Current Market Overview
| Rank | Cryptocurrency | Symbol | Price (USD) | Market Cap (Approx.) |
| 1 | Bitcoin | BTC | $67,520 | $1.33 Trillion |
| 2 | Ethereum | ETH | $3,938 | $474 Billion |
| 3 | Tether | USDT | $1.00 | $117 Billion |
| 4 | BNB | BNB | $597 | $87 Billion |
| 5 | Solana | SOL | $168 | $75 Billion |
Ethereum’s bearish MACD crossover has reignited fears of a potential market correction. While bulls fight to hold the $4,000 support, analysts agree that the next few weeks will be critical in determining whether ETH resumes its uptrend or faces another steep decline.