#ETHMarketWatch O Ethereum (ETH) started Friday, May 23, with signs of weakening after a strong rejection in the resistance area near US$ 2.713. On the 4-hour chart, the price pulled back and returned to being traded below the central average of the Bollinger Bands, indicating increasing selling pressure in the short term. This movement raises concerns among investors, as the asset failed to sustain the previous breakout.

The Relative Strength Index (RSI) is currently at 48.41, below the neutral line of 50, reinforcing the dominance of selling strength. The RSI had been showing an attempt at recovery but pointed downward again after the price pullback, indicating that the upward momentum has lost steam.