Ethereum's long-term macro indicator, the macro trend oscillator, is showing signs of early recovery after a prolonged bearish run.
The oscillator's monthly chart indicates a shift towards bullish territory, with shallower red bars compared to previous downturns in 2023 and 2024.
On lower timeframes like the 3-day chart, a small green bar has formed, suggesting a possible early-stage turnaround in Ethereum's price action.
Decode's oscillator, which tracks broader macro trends, suggests that a sustained move to the green zone could indicate incoming price strength for Ethereum amidst its current trading at $1,830.