Ethereum Price Stuck in Range as Buyers Face Uphill Battle

The price of Ethereum (ETH) has been stuck in a narrow range between $2,700 and $2,800 for two days. Despite its recent climb from the retracement at $2,700, ETH still needs to clear this level to continue its upward trend.

According to technical indicators, buying pressure is strong, with the RSI (14) reading 68.36, close to the commonly watched 70 level. The Stochastic (9,6) also shows recent prices near the upper part of their range, supporting the upward trend.

The Ultimate Oscillator sits at 54.52, indicating a modest buying edge across its measured periods. However, Ethereum's RSI is worth particular attention as it approaches 70, which can accompany further upside but does not guarantee clearing $2,800.