Crypto
Ethereum Price Recovery Hinges on $2,526 Breakout
Ethereum's price recovery is uncertain due to weak capital flows and resistance near $2,465. Following a sharp sell-off, ETH rebounded towards $2,420 but remains exposed to another correction.
The daily Relative Strength Index (RSI) dropped to 52.09 as momentum weakened from its recent overbought reading. The RSI stands below its moving average of 61.02, indicating fading bullish momentum.
Chaikin Money Flow remains negative on the 4-hour chart, showing selling pressure is slightly stronger than buying pressure. ETH trades below Supertrend resistance at $2,526.61, limiting the conviction behind the rebound.