Ethereum Price Analysis: Signs Of Reversal Ahead

Ethereum Technical Analysis Report

Ethereum faced a sharp pullback on Friday after being rejected near the $2,724 resistance level, registering a 5.12% decline. Over the weekend, the price found support at the 200-day moving average, stabilizing around $2,447. Despite the dip, the Relative Strength Index (RSI) remains at 64—comfortably below the overbought threshold of 70—suggesting there’s still room for bullish momentum if buyers regain control. However, caution is warranted, a…

Ethereum Price Analysis: Signs Of Reversal Ahead

Ethereum remains in a consolidation phase, hinting at a potential reversal. Analysts advise caution, awaiting deeper corrections before entering long positions. Volatility looms large, with liquidity zones set to trigger sharp market moves. In a latest market update, Alphractal pointed to an increasing divergence between investor opinion and underlying indicators for Ethereum. Public opinion tilts towards the negative, but Ethereum’s market dyna…