Since hitting $275, the bulls in Ethereum seem to have suddenly lost their strength. At present, Bitcoin and Ethereum have been fluctuating for ten years, but recently the fluctuation range is relatively narrow and not so scary.

Some analysts believe that it is only the calm before the storm, and the Ethereum may break out soon, that is, skyrocket. Joe McCann, a well-known analyst, recently said on Twitter that there have been two technical trends in this currency recently, which should be a good sign for bulls.

Analysts said that on the daily chart of Ethereum, the moving average convergence and divergence (MACD) has recently crossed bullish, and the blue line crosses above the red/orange line.

This marks the end of the bear market defined by the 17-day identical moving average.

The last time this indicator crossed the daily chart, the currency rose by 64%. This may mean that a new round of rise is coming, which seems possible considering the recent news of Ethereum 2.0.