ETH Price Hinges on $1,967 Resistance Level, Staking Participation Hits Record High

Ethereum (ETH) has reached a crucial price point of $1,967.99, and a daily close above this level could potentially push ETH's price towards $2,050 and then $2,117.

This prediction is based on technical analysis, as the coin's momentum has been used up according to the MACD histogram.

The Relative Strength Index (RSI) of 56 indicates that ETH is not overbought, suggesting there is still room for growth.

On the other hand, a break below $1,872 could send ETH's price towards $1,840, and possibly even lower to $1,786.