Ethereum Struggles Below $3,000 Amid Weak Buying Pressure
Ethereum (ETH) has been working hard to regain bullish momentum because Solana Meme coin controversy. Although the initial push suggested a stronger uptrend, it failed to gain traction, putting ETH into the integration phase.
Now, Ethereum is trying to recover its $3,000 level as it recovers nearly 18% of its speed over the past 30 days. As technical indicators still show mixed signals, ETH is still at a critical point, where a decisive breakthrough or collapse could affect its next major move.
ETH RSI has been neutral for 16 days
eth rsi It is currently at a high of 62 between yesterday and today, falling to 39.1, and now it is 54.8. The movement reflects the period of increase volatilityprice momentum accelerates briefly before retreating.
Despite this fluctuation, RSI Now it has stabilized at the middle distance, indicating Strong buying or selling pressure is currently dominant.
This is after a series of neutral readings over the past few weeks, which reinforces the idea that ETH lacks a clear trend.
RSI or Relative Strength Indexis a momentum indicator that measures the speed and amplitude of recent price changes on the 0 to 100 scale.
Read above 70 are usually too many conditions, which may indicate that the asset should be in a callback, while the following 30 are suggesting oversell conditions, usually before a potential rebound. Ethereum RSI It has been in the neutral territory directly on neutral territory at a position of 54.8 since February 3.
It last hit overpriced over 70 was on January 6th – a month and a half ago – showing that ETH has been working to generate the kind of continued bullish momentum needed to break through.
Unless the RSI decisively exceeds 60 or below 40, the price of ETH may remain limited in range without a strong directional bias.
Ethereum DMI shows upward trend is still trying to gain traction
Ethereum’s DMI chart shows that its ADX is currently 10.2, down from 13.7 yesterday and down from 32.8 a week ago.
This sharp decline indicates a weaker trend, as ADX measures the overall dynamics of price movements, rather than its direction.
Lower ADX readings usually indicate that the market is in a period of integration or indecision, and the Bulls are not getting clear control. Given that ADX has now dropped to low levels ETH’s recent price action There seems to be a lack of firm belief in either direction.
The average directional index (ADX) is a key component of the directional motion index (DMI) and is used to evaluate the intensity of a trend from 0 to 100.
The above reading 25 indicates a strong trend, while values below 20 indicate weak or range of price effects. Currently, Ethereum’s +DI is at 24.5, down from 31.2 two days ago, reflecting bullish momentum Consistent with Solana Meme Coin after a brief rally.
Meanwhile, DI rose from 15 times to 20.6, indicating an increase in bearish pressure. The combination of ADX drop and fusion DI lines indicates Ethereum bullish momentum Fading. Without a re-break in any direction, price action may continue to consolidate rather than decisively trending upward or downward.
Will Ethereum be less than $2,200?
Ethereum’s short-term EMA lines are currently very close to each other and are still below long-term EMAS, indicating a lack of strong momentum in both directions.
if Prices of Ethereum A sustained upward trend could be established, and it could challenge resistance at a price of $3,020, marking the first trade since February 2 for over $3,000.
A successful breakthrough above this level can open the door for further gains, with the next major resistance of $3,442. However, the convergence of short-term EMA shows that ETH still needs stronger buying pressure to confirm the bullish shift.
The downside Ethereum cannot enhance momentum There is a downtrend and it may test key support levels for $2,551.
A breakdown below this level will cost ETH further, with the next key support of $2,160. ETH has never traded at these levels since September 2024, and it would be a move below $2,300.
As EMAS still expresses hesitation, ETH is still at a crossroads. A breakthrough in either direction may set the next major trend.
Disclaimer
and Trust Project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and impartial reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions,,,,, Privacy Policyand Disclaimer Updated.
