The weekly chart for ETH CME Ether Futures as of mid-March 2026 shows a notable shift in short- and intermediate-term momentum, with both the WSFG and MSFG trends turning up and price action holding above their respective NTZ/F0% levels. Recent swing pivots indicate a developing recovery from a significant low (1715.0), with the next key resistance at 2495.5 and major resistance overhead at 5004.0. Support is well-defined at 1715.0 and 1587.5, suggesting a solid base has formed after a prolonged decline. The moving averages paint a mixed picture: while the 5- and 10-week benchmarks are trending up, all long-term benchmarks (20, 55, 100, and 200 week) remain in downtrends, reflecting the broader bearish structure that has dominated since the yearly session grid turned negative. However, the recent sequence of long trade signals and the price’s ability to reclaim intermediate-term moving averages point to a potential medium-term reversal or at least a sustained bounce. Volatility remains elevated, with medium-sized bars and average momentum, indicating active two-way trade and possible choppy conditions as the market tests overhead resistance. The overall structure suggests a transition phase: short- and intermediate-term traders are seeing bullish setups, while long-term participants may still view the market as corrective within a larger downtrend. The next few weeks will be critical in determining whether this rally can challenge the long-term moving averages and shift the yearly trend, or if it will stall and revert back toward support.