Ethereum (ETH) rose by 10% in a week, but trend signals remain fragile

Ethereum

ETHUSD

has risen by over 10% in the past seven days as the market shows signs of renewed activity. However, key technical indicators reveal a mix of weak trend strength and cautious optimism from buyers.

ETH is currently battling critical resistance areas that could determine whether the rally will continue or fade. With momentum remaining fragile, May could be a crucial month for Ethereum's next major move.