Ethereum price analysis
Ethereum’s technical indicators on the daily timeframe show mixed signals. Key momentum indicators, the Relative Strength Index (RSI) reads 65 and generates a sell signal as ETH slips under 70 or the “overbought” zone. Moving Average Convergence Divergence (MACD) flashes green histogram bars above the neutral line, signaling an underlying bullish momentum in Ether.
ETH is close to its resistance at $2,746, the 50% Fibonacci retracement of the decline from the December 2024 peak of $4,107 to the April 10 low of $1,385. The altcoin could find support at $2,226, the upper boundary of a Fair Value Gap (FVG) on the daily price chart.