Ethereum's recent rally appears to be stalling just below major resistance levels, with technical indicators on the daily chart pointing to a potential pause in bullish momentum. The RSI is retreating from overbought territory, and MACD signals are beginning to flatten—suggesting a shift toward consolidation or a possible reversal.

Yet, beneath this cautious short-term outlook lies a strong undercurrent of institutional confidence. BlackRock’s spot Ethereum ETF (ETHA) was the only fund to post net inflows yesterday, bringing in a substantial $132 million. This divergence between price hesitation and capital inflow could become a pivotal factor in ETH’s next move.

Order book data shows significant ASK walls around $3,795 acting as resistance, while solid BID support near $3,769 provides a short-term floor. A breakout above the resistance could propel ETH toward the $3,865–$3,894 range, while a breakdown below key BID zones may trigger a slide toward $3,628 or even lower.

The market is at a critical inflection point. Traders and investors alike are watching closely to see whether institutional demand can tip the balance and reignite upward momentum.

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Read the full analysis on Ecoinimist.com.