Ethereum's MACD indicator has signaled a bullish crossover at the $2,900 level, reminiscent of a 2024 event that led to a 217% surge. The current setup suggests a potential rally to $8,557, representing a 173% increase from its current price of $3,133. The primary target is a breakout at $4,811.71, which could pave the way for further gains. The recent Dencun upgrade, along with increased Layer 2 scaling and spot ETH ETF inflows, provides strong fundamental support for this technical breakout. Ethereum's role in the Web3 ecosystem, powering dApps, NFTs, and DeFi, continues to attract institutional interest. However, traders should remain cautious of macroeconomic influences and monitor key resistance levels.