Ethereum has fought its way back above the psychological $2,000 level, but beneath the surface, bearish momentum indicators are flashing caution—suggesting this recovery may be more relief than reversal.
ETH currently trades near $2,050, up 6% from the weekly low, but the Relative Strength Index (RSI) remains below the key 50 midpoint on the daily chart, signaling that sellers still have the upper hand .
For the bullish structure to regain control, ETH needs to flip $2,100 into support and hold above the 200‑day MA near $2,150. Until then, every bounce risks being sold into. #Ethereum #ETH #CryptoNews #crypto #defi #web3 #TechnicalAnalysis #Bearish #PriceAnalysis
ETH currently trades near $2,050, up 6% from the weekly low, but the Relative Strength Index (RSI) remains below the key 50 midpoint on the daily chart, signaling that sellers still have the upper hand .
For the bullish structure to regain control, ETH needs to flip $2,100 into support and hold above the 200‑day MA near $2,150. Until then, every bounce risks being sold into. #Ethereum #ETH #CryptoNews #crypto #defi #web3 #TechnicalAnalysis #Bearish #PriceAnalysis
Ethereum has fought its way back above the psychological $2,000 level, but beneath the surface, bearish momentum indicators are flashing caution—suggesting this recovery may be more relief than reversal.
ETH currently trades near $2,050, up 6% from the weekly low, but the Relative Strength Index (RSI) remains below the key 50 midpoint on the daily chart, signaling that sellers still have the upper hand .
For the bullish structure to regain control, ETH needs to flip $2,100 into support and hold above the 200‑day MA near $2,150. Until then, every bounce risks being sold into. #Ethereum #ETH #CryptoNews #crypto #defi #web3 #TechnicalAnalysis #Bearish #PriceAnalysis