Major Technical Divergence Emerges on the Ethereum Chart as Price Holds but Buying Pressure Fades
- Ethereum reclaims historical $2,516 support but faces resistance near $2,750.
- RSI and MACD indicators show weakening bullish momentum.
- Trading volume drops 45.66%, signaling reduced short-term conviction.
Ethereum has reclaimed a major historical support level near $2,516, but a worrying divergence is emerging. While the price appears stable, key momentum indicators and declining trading activity suggest the asset may struggle to maintain upward pressure in the short term.
At press time, ETH traded at approximately $2,530, recovering from a recent intraday high. This price action puts the market at a critical crossroads, with analysts watching to see if support can hold in the face of weakening underlying strength.
Ethereum Is Holding a Historically Critical Support Level
According to a chart shared by market analyst Rekt Capital, Ethereum has once again affirmed $2,516 as a crucial support level.
Historical data since 2021 show this price zone acting repeatedly as a key point for major directional moves. ETH’s latest recovery from sub-$2,000 levels earlier in 2025 has brought the asset back above this key threshold.
Previous intera…
The post Major Technical Divergence Emerges on the Ethereum Chart as Price Holds but Buying Pressure Fades appeared first on Coin Edition.
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Major Technical Divergence Emerges on the Ethereum Chart as Price Holds but Buying Pressure Fades
- Ethereum reclaims historical $2,516 support but faces resistance near $2,750.
- RSI and MACD indicators show weakening bullish momentum.
- Trading volume drops 45.66%, signaling reduced short-term conviction.
Ethereum has reclaimed a major historical support level near $2,516, but a worrying divergence is emerging. While the price appears stable, key momentum indicators and declining trading activity suggest the asset may struggle to maintain upward pressure in the short term.
At press time, ETH traded at approximately $2,530, recovering from a recent intraday high. This price action puts the market at a critical crossroads, with analysts watching to see if support can hold in the face of weakening underlying strength.
Ethereum Is Holding a Historically Critical Support Level
According to a chart shared by market analyst Rekt Capital, Ethereum has once again affirmed $2,516 as a crucial support level.
Historical data since 2021 show this price zone acting repeatedly as a key point for major directional moves. ETH’s latest recovery from sub-$2,000 levels earlier in 2025 has brought the asset back above this key threshold.
Previous intera…
The post Major Technical Divergence Emerges on the Ethereum Chart as Price Holds but Buying Pressure Fades appeared first on Coin Edition.
Read More