$ETH

With the price of Ethereum reaching $1799.96, registering an increase of +1.93% over the last few hours, market indicators show a consolidation situation with some signs of recovery. The relative strength index (RSI) at level 40 reflects a balance with no clear signals of oversold or overbought conditions, while the moving average (MA60) is approaching the current price, reinforcing technical stability.

In terms of momentum, the MACD indicator continues to give slight negative signals, indicating that the upward trajectory needs stronger confirmation through higher trading volume and a breakout of the $1,805 resistance.

The recent increase in trading volume opens the door to the possibility of recovery, especially with the coin approaching important support areas. Investors are closely watching for any breakout above $1,800 to reinforce their bullish positions.