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For Ethereum ‘s midterm prospects, this moment is a make-or-break. The $2,500 goal may remain out of reach for now if ETH cannot generate sufficient momentum to break and stay above that level. However, there is a glimmer of hope. Despite the bearish rejection, Ethereum remains above the critical psychological support level of $2,000, and trading volume is stable, showing no signs of panic selling. The Relative Strength Index (RSI) currently stands at 44, indicating that if buying interest returns, a reversal may be possible.
Ethereum’s situation can be described as cautious but manageable. A swift shift in favor of the bulls could occur if they are able to reorganize and muster enough momentum to overcome the 26 and 50 EMA resistances.
Source: https://u.today/shiba-inu-shib-bulls-in-control-now-bitcoin-btc-in-great-spot-ethereum-eth-major-bearish-signal-but
