According to BroadChain, at 14:46 on April 22, NewsBTC reported that the SuperTrend indicator shows that Ethereum's daily price has broken through the trend line, marking the first bullish flip since the first half of 2025. This indicator is based on the Average True Range (ATR), where its single trend line acts as resistance and support when it moves above and below the price, respectively. Its flip is often seen as a signal of trend change.
Since the fourth quarter of 2025, Ethereum's price has been trading below this trend line, and the recent market recovery has contributed to this trend shift. Historical data shows that after a similar signal last appeared, Ethereum entered a bull market. Currently, the market is focused on whether this bullish signal can be sustained or if it is merely a temporary deviation.
It is worth noting that Bitcoin has not yet shown a similar daily-level breakout, with its price still constrained below the SuperTrend resistance line. This indicates that, from the perspective of this indicator, Bitcoin's recent rebound is not strong enough to reverse the trend. Meanwhile, the U.S. Ethereum spot ETF has seen net inflows for eight consecutive days, indicating sustained institutional demand. As of press time, Ethereum is trading at around $2,300, down over 3% in the past week.