Crypto
Ethereum Bull Flag Forms as Key Weekly Close Looms
Ethereum (ETH) has been trading in the $2,450-$2,460 range after a 34% rebound from support levels near $1,900.
Technical analysts have identified a bull flag formation on the 4-hour timeframe with critical resistance at $2,500-$2,550.
The daily Relative Strength Index (RSI) reads 75.59, indicating strong overbought conditions.
On-chain data reveals significant whale resistance walls at $2,550 and $2,600, while support accumulates around $2,400.