Ethereum (ETH/USDT) Bullish Momentum Resurfaces Amid Reversal Signals

Ethereum Long-term Analysis: Bullish

The market for Ethereum against the Tether has reignited a bullish sentiment following a sharp bounce from recent lows.

As of this week, the pair has recorded a 6.40% gain, with a steady push towards the north.

Recently, the pair has seen bearish dominance with a sharp turn to the south. However, with the price stationed above the Guppy Multiple Moving Averages (GMMAs) and the Stochastic RSI signaling a strong momentum, the current price setup shows a recovery is in play.