Ethereum (ETH) Showing Signs of Recovery
Ethereum (ETH/USDT) is trading at $1,792.31, up +1.74% in the latest session. After reaching a local high of $1,827.32, ETH is holding above key moving averages, with the 7-day MA crossing above the 25-day MA, signaling short-term bullish momentum.
Technical indicators show mixed sentiment:
MACD is slightly positive at 0.24, indicating modest bullish pressure.
RSI is at 50.72, suggesting a neutral zone with potential for further upward movement.
Stochastic RSI at 37.65 indicates ETH could be approaching an oversold area on lower timeframes.
OBV remains under pressure, signaling cautious market volume.
As Ethereum continues to consolidate, a strong breakout above $1,800 could open the door to test higher resistance levels around $1,832.
Stay tuned and manage risk carefully!