Ethereum: First Weekly Bullish Divergence Hits RSI and MACD

Ethereum recorded its first-ever strong weekly bullish divergence on both RSI and MACD, according to trader @CryptoMichNL, as a powerful weekly candle signals fresh demand entering the market.

On the 4h chart, price at $1739.93 holds above the EMA50 support at $1640.88 while the EMA200 sits at $1747.45; with RSI(14) at 70.01 flashing overbought and MACD printing a golden cross at 37.48, the setup points to a probable healthy retracement toward the 50-EMA before continuation, as upper Bollinger resistance at $1774.11 caps near-term moves. This technical confluence strengthens ETH price prediction models and Ethereum technical analysis frameworks used by institutions tracking divergence patterns from the past year.