#EthereumFuture After a period of fluctuations within a narrow range, ETH successfully surpassed the resistance level of $1,650, driven by strong buying momentum that led to breaking the technical barrier and rising above $1,790, marking an exit from the stagnation that has prevailed since mid this month.

In contrast, the Moving Average Convergence Divergence (MACD) indicator shows initial signs of a trend reversal to the upside, while the Stochastic RSI indicator is approaching its peak, which may indicate the possibility of a temporary pullback unless the buying momentum renews.

Despite this activity, transaction fees on the Ethereum network remain at low levels, averaging only $0.31, according to YCharts data, reflecting the continued weakness in actual demand for on-chain usage, despite the improvement in investment sentiment.