Ethereum Price Falters as Momentum Stalls Near Resistance
Ethereum's price has stabilized above $2,670 as it approaches resistance, but momentum is stalling on shorter timeframes.
The daily chart shows a clear bullish trend, with ETH sitting above all major EMAs and RSI at 67.48, indicating healthy but not overheated momentum.
However, the 15-minute MACD has turned negative, signaling a short-term pause right at resistance.
The Fear & Greed Index reads 70, classified as Greed, which aligns with a market that has been trending higher and where participants lean risk-on.