Ethereum is showing two signs of strength at the same time. One chart shows the first bullish SuperTrend flip in more than a year, while another shows ETH still holding a long term support curve that keeps the $8,000 cycle target in play. Ethereum SuperTrend Turns Bullish After More Than a Year Ali Charts says Ethereum’s SuperTrend indicator has flipped bullish for the first time in over a year. The chart shows that shift clearly. ETH is trading near $2,312, while the new buy signal appears around the $1,675 area after a long period of bearish trevnd signals. Ethereum Daily Chart. Source: TradingView / Ali Charts on X This matters because the SuperTrend indicator is designed to track broader trend direction, not small short term moves. On this chart, the last bullish phase led into Ethereum’s rise toward the $4,000 to $5,000 range. Then the indicator turned bearish near the top and stayed negative through the long decline and choppy recovery. Now the signal has changed again. That does not guarantee a major breakout, but it does show that Ethereum has moved back above a level that had capped the trend for months. As long as ETH holds above the flipped support zone, the chart supports a stronger medium term recovery case rather than another brief relief rally. Ethereum Long Term Trendline Keeps $8,000 Target in View James argues that Ethereum can still reach $8,000, and the chart shows why that view remains active. On the weekly chart, ETH is sitting near a rising long term trendline that has supported the market through several major cycles since 2016. Ethereum / U.S. Dollar Weekly Chart. Source: TradingView / James on X That trendline is the key feature here. Ethereum has returned to it after failing to hold the higher range above $3,000. Even so, the chart does not show a full structural breakdown yet. Instead, it shows price testing a support curve that has remained intact across multiple years. The $8,000 level on the chart is a long term upside marker, not a near term target. For that scenario to stay credible, Ethereum needs to keep defending the current trend support and then rebuild momentum from this area. If that happens, the broader cycle structure would still allow another leg higher. If support breaks decisively, the long term bullish case would weaken.
