$ETH Ethereum has been playing second fiddle to Bitcoin recently, but the technicals are starting to scream for attention. We’re currently seeing a massive bullish divergence on the Daily RSI while price action consolidates just above the key $2,350 support zone.
Here is the breakdown of what I’m watching:
The Technical Setup: ETH is currently fighting the 20-day EMA. A clean daily close above this level usually signals a shift in short-term momentum. If we flip this to support, the next logical magnet is the $2,800 resistance, where the 200-day moving average sits.BTC Dominance Factor: BTC.D is hovering near local highs. For an "ETH Season" to trigger, we need to see BTC stabilize while dominance ticks down. Keep a close eye on the ETH/BTC pair—it’s sitting at multi-year lows, which historically has been a "max pain" zone before a reversal.Trader Psychology: Sentiment feels exhausted. Retail is chasing memecoins, and the "ETH is dead" narrative is peaking. In crypto, when the FUD is this loud despite solid fundamentals (and ETF inflows), it’s often a contrarian signal that a local bottom is in.
Actionable Insight: Watch for a high-volume break above $2,450. If we lose the $2,300 level, expect a fast sweep of the liquidity sitting down at $2,150. Stay patient and don't FOMO into the middle of the range.
Are you accumulating ETH at these levels, or are you waiting for a deeper dip to $2k? Let’s hear your play below! 👇
#ETH #Ethereum #CryptoTrading #TechnicalAnalysis #Altseason