Ethereum MACD turns green for the first time in March; $3,900 is the key breakout level

【Crypto World】The performance of Ethereum has been interesting in recent weeks. The MACD indicator turned green for the first time in three months, which many traders see as a rebound signal. From a technical perspective, the $3,900 level has become a key threshold in everyone’s eyes; whether it can be broken directly impacts the subsequent trend.

But don’t just be optimistic; analysts are also sounding the alarm. Some compare Ethereum to the Russell 2000 ETF (IWM), believing ETH still has room for a chase-up rebound, which is an interesting perspective. But there’s also a voice worth listening to: if the price pattern ultimately confirms a bearish outlook, the possibility of dropping to $2,400 should be guarded against.

So now it’s a crossroads. The bullish point is there — indicators are positive and there’s rebound potential; the bearish risk also objectively exists — a breakdown could trigger a deeper correction. Traders should ideally keep both possibilities in mind and adjust their strategies flexibly based on market movements.