Three signals point to possible $6,000 Ether rally
A weekly MACD bullish crossover, rising accumulation with exchange outflows, and a positive Coinbase premium plus ETF inflows have emerged as Ether trades near a long-term trendline.
Ether is showing three technical and on-chain signals as it trades near a long-term ascending trendline: a bullish weekly MACD crossover, growing accumulation with falling exchange deposits, and a positive Coinbase premium alongside sustained ETF inflows. The token has recovered about 33% from multi-year lows below $1,800.
Price action is bouncing off a trendline that coincided with major rallies in mid-2022 and April 2025. Analyst CryptoJack wrote on X that the earlier bounces produced roughly 130% and 260% gains. The weekly MACD registered a bullish crossover; analyst Ash Crypto wrote that the last two weekly MACD crossovers were followed by gains near 75% and 183%. The weekly RSI is recovering from levels that marked previous macro lows. Some analysts using fractal patterns list upside targets between $3,000 and $6,300 if similar rallies occur.
On-chain indicators show a tightening supply dynamic. CryptoQuant’s Binance ERC-20 stablecoin whale activity index shows the number of daily accumulation addresses rose to 2,434 while exchange depositing addresses fell to about 2,300. CryptoQuant analyst GugaOnChain wrote that the data reflects a move from waiting to active accumulation. Glassnode data recorded a large exchange outflow on April 2, when the 30-day net position change fell by about 1.4 million ETH; the 30-day net change stood at roughly -351,300 ETH at the time of reporting.
Demand metrics also moved higher. Buy-taker volume on Binance futures climbed above $5 billion, a near two-month high. The Coinbase premium index, which measures the price gap between ETH/USD on Coinbase and Binance, flipped positive on April 4 and rose to 0.055 on April 14 before settling near 0.04; the April 14 reading was the highest since October 2025. Spot Ethereum exchange-traded products logged net inflows for 10 consecutive days totaling about $590 million, the longest inflow streak since December 2024. Public institutional activity increased as well, with Bitmine Immersion Technologies adding 101,627 ETH to its holdings last week.
Analysts noted that similar combinations of technical indicators, supply shifts and institutional flows have appeared ahead of large Ether rallies in the past, and that past outcomes may not repeat.
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