Ethereum Price Analysis: Failure at $2.4K Spells More Trouble Ahead for ETH
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Ethereum is trading in a broad consolidation band near $2.3K–$2.4K with increasing seller activity and failed attempts to sustain bullish momentum (crypto, token performance). Daily RSI displays a bearish divergence (lower highs vs price), indicating weakening momentum and a likely short-term corrective move that could pressure DeFi/DEX liquidity and broader crypto market sentiment.
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Ethereum continues to trade within a broader consolidation structure as the market struggles to establish sustained bullish momentum. Nevertheless, weakening momentum indicators and growing signs of seller activity suggest that the market could be preparing for another corrective move in the short term.
Ethereum Price Analysis: The Daily Chart
On the daily timeframe, ETH is showing a notable bearish divergence between the RSI indicator and price action. While the asset recently attempted to stabilize near the $2.3K-$2.4K region, the RSI has been forming lower highs, signaling weakening bullish momentum beneath the surface. At the same time, the recent price action has become increasingly choppy and indecisive, further highlighting the presence of sellers around the current levels.
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In This News
Coins
$ 1.80K
+0.21%$ 1.80K
+0.15%Predictions Markets
See what traders are focused on
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