Ethereum is sending strong signals
After Ethereum broke the $2,500 barrier and touched it for a short period before returning around $2,470–$2,480, we are now at an important crossroads, and the question everyone is asking is: is this a real breakout or a bull trap?
What is the market saying?
So far, there has been no consistent daily close above $2,500, and this is what will confirm to us that the resistance has been broken. Momentum indicators like RSI and MACD indicate that Ethereum is in an overbought zone, so it is natural to see a correction soon.