$ETH It looks like a Jeep Renegade climbing the hill full of mud.
The price is struggling around 1,796, without much conviction, but also not giving up.
It hit a low of 1,778 in the last 24 hours, a high of 1,841, and it’s working, slowly, but it is.
Moving averages:
MA7 (yellow) is being pulled up, carrying ETH in its arms.
MA25 (pink) was torn apart with style, without much drama.
MA99 (purple) is still far away — heavy resistance at 2,284.
No clear forecast to hit at least 2k in the short term yet.
RSI(6) at 72 already shows that ETH is starting to tire, but still has some strength left.
RSI(12) at 58 and RSI(24) at 47 indicate that the momentum might last longer.
Volume?
Somewhat shy compared to the beating we saw at other times.
Buying is coming in, but it’s not that explosive surge yet.
MACD?
Gave a sign of life, crossing positive and starting to open up.
Nothing explosive, but it’s in the game. At least that.
Real summary:
Ethereum is trying to turn the game around, but it’s still in the tough part of the rally.
It needs to gain some momentum and break above 1,840 with real strength to talk about a solid trend.
For now, it’s an uptrend, yes.
But it’s a cautious rise: tiptoeing, keeping an eye on the thorns.
Anyone diving in now, stay alert.
The market doesn’t forgive those who get fooled by short-lived flames.
And remember that in the end, the institutions call the shots, but Sunday is flag 2, only us operating, let’s see how it behaves!