Ethereum Price Prediction: Analyst Identifies MACD Bearish Pattern Despite $417M BitMine Buy

Ethereum price shows signs of caution following a new bearish signal on the weekly chart. The analyst behind the observation highlights a possible MACD crossover forming, a setup that often indicates short-term downside risk. Meanwhile, attention remains divided as institutional players continue building long-term positions in ETH, contrasting the near-term bearish outlook.

Ethereum Price Faces Familiar Pattern as Weekly MACD Flashes Warning Signal Again

Ethereum price trades below the $4,200 zone after repeated rejection near $4,700, signaling waning short-term strength. 

According to the analyst, the weekly MACD is on the verge of a bearish crossover—a pattern that previously led to two major corrections of 43% and 61%. The signal line is now tilting above the MACD line, hinting that bearish momentum could intensify if confirmed. 

However, the broader structure remains resilient, as ETH has sustained higher lows since early 2025, with solid support near $3,700.  The 50-week moving average continues to act as a strong structural base, reflecting controlled downside pressure. 

Therefore, while short-term pressure may persist, the long-term Ethereum price prediction still favors recovery, especially if institutional accumulation continues supporting demand.

BitMine Buys $417M in ETH Amid Bearish Technical Setup

BitMine Immersion’s recent $417 million ETH purchase during the dip underscores growing confidence in Ethereum’s fundamentals despite bearish signals. 

The publicly traded company has consistently expanded its holdings through 2025, demonstrating conviction in Ethereum’s long-term potential. Such accumulation typically reduces exchange reserves, which can buffer the market during sell-offs. 

Analysts view the move as strategic timing, allowing BitMine to accumulate before potential upside recovery. This corporate appetite also reflects the strengthening belief in Ethereum’s staking yield and scalability outlook. 

Moreover, institutional buying on weakness often influences market psychology, drawing parallel interest from other entities. Hence, while technical charts flash caution, BitMine’s aggressive positioning reinforces an optimistic narrative for ETH’s long-term resilience.

Summary

Ethereum’s short-term risks stem from the looming bearish MACD crossover. Yet, large institutional purchases, such as BitMine’s $417 million investment, provide fundamental balance. If support near $3,700 holds, Ethereum could regain footing swiftly. Ultimately, temporary weakness may strengthen long-term conviction.