Ethereum Price Holds at $2,487 Amid Cooling Momentum and DEX Fee Declines
The Ethereum price today holds at $2,487, keeping it within a bullish daily structure despite a negative hourly momentum. The total crypto market capitalization is near $2.69 trillion after a -3.15% decline over the past 24 hours, with Bitcoin dominance at 59.14%. This trend pause on the lower timeframes does not necessarily mean a bearish reversal for Ethereum.
The daily RSI14 of 63.14 still suggests there is room to run before overbought conditions become a concern. However, the MACD histogram has turned negative, indicating that upward momentum is decelerating. The Bollinger Bands on the daily show price trading above the mid-band but well inside the channel, suggesting an orderly trend rather than a parabolic one.
On-chain activity data adds another layer of caution, with Uniswap V4 fees dropping -52.02% in a single day and -37.02% over seven days. This represents a broad pullback in decentralized exchange fee revenue across nearly every major venue, consistent with the hesitation showing up in Ethereum's hourly momentum readings.