Ethereum (#ETH ) is currently seeing support around the $2,400 level, and the daily trend still has the possibility of forming a “bull flag.” In simple terms: after a prior uptrend, the market enters a consolidation phase; if the price later breaks above the bull flag’s upper boundary near $2,550, it could signal the start of a new round of upside momentum, with the $3,300 area as a level to watch.
Currently, the RSI remains above 55, indicating that bullish strength has not clearly disappeared yet. However, if ETH keeps failing to break above $2,550, the price may pull back again toward $2,400 in the short term. If the U.S. dollar reacts more strongly due to rate hikes, the downside pressure on ETH could increase further.
Currently, the RSI remains above 55, indicating that bullish strength has not clearly disappeared yet. However, if ETH keeps failing to break above $2,550, the price may pull back again toward $2,400 in the short term. If the U.S. dollar reacts more strongly due to rate hikes, the downside pressure on ETH could increase further.
