Ethereum's monthly chart is showing signs of renewed bullish momentum, according to recent technical analysis. The Average Directional Index (ADX) has broken a seven-year trendline, with the green Directional Indicator (DI) crossing above the red DI, indicating increased buying pressure. Additionally, the Relative Strength Index (RSI) has broken out of a multi-year downtrend, echoing patterns observed before significant rallies in 2020. Ethereum's price remains above the 21-month Simple Moving Average (SMA) and a long-term trendline, reinforcing its positive market structure. Analysts suggest that this combination of technical signals points to a potential market transition and renewed confidence among investors, indicating a possible return to long-term bullish momentum for Ethereum.