Crypto
Ethereum Price Stuck between Recovery and Downtrend
Ethereum's price is caught in a precarious position as it trades near $1,872.01, above its short-term EMAs but well below its 200-day EMA.
The Fear & Greed Index sits at 25, indicating extreme fear, while Bitcoin dominance remains elevated at 56.57%.
On-chain activity tells a more compelling story, however, as decentralized exchange fees surge across major Ethereum platforms, with Fluid DEX up 101.32% in 24 hours.
The bullish case for Ethereum builds if price holds above the daily EMA20 and EMA50, but the bearish case leans on the same daily EMA200 gap at $2,200.91.