$ETH Latest Analysis: April 10, 2024
$ETH has experienced a period of consolidation following its recent surge, as market participants digest macroeconomic signals and anticipate the upcoming Dencun upgrade. While Bitcoin often dictates the broader crypto market's direction, ETH continues to exhibit its own unique drivers and technical patterns.
Price Action & Technicals:
As of April 10, 2024, ETH is trading around the $3,600 - $3,700 range, showing resilience above key support levels. The 50-day and 200-day moving averages are still trending upwards, indicating a bullish long-term outlook. However, the Relative Strength Index (RSI) is hovering around the neutral 50-mark, suggesting a temporary lack of strong momentum in either direction.
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