$ETH

ETH

3,342.22

+7.58%

Ethereum shows signs of fading bearish momentum 

Ethereum price corrected by over 4% last week after being rejected at the daily resistance at $4,232. ETH continued its correction, down 5.11% in the first half of this week, but recovered slightly on Thursday. At the time of writing on Friday, ETH is recovering, trading above $3,900.

If ETH recovers, it could extend the recovery to retest its daily resistance level at $4,232.

Like Bitcoin, Ethereum’s RSI and MACD indicators show signs of fading bearish momentum and hint at potential recovery ahead.