Ethereum Jumps 10% in a Week but Trend Shows Fragile Signs
The post Ethereum Jumps 10% in a Week but Trend Shows Fragile Signs appeared on BitcoinEthereumNews.com. Ethereum (ETH) is up more than 10% over the last seven days as the market shows signs of renewed activity. However, key technical indicators reveal a mix of weakening trend strength and cautious optimism from buyers. ETH is currently battling critical resistance zones that could define whether the rally continues or fades. With momentum still fragile, May could be a decisive month for Ethereum’s next major move. Ethereum’s Trend Weakens Sharply as Bears Close In Ethereum’s DMI chart shows its ADX is currently at 24.91, a sharp decline from 39 two days ago. The ADX, or Average Directional Index, measures the strength of a trend, whether up or down. Generally, an ADX reading above 25 signals a strong trend, while values below 20 suggest the market is entering a period of weakness or range-bound trading. The steep drop in ADX indicates that Ethereum’s recent momentum is quickly losing strength. Without renewed buying or selling pressure, ETH could remain stuck in a more volatile, sideways pattern over the short term. ETH DMI. Source: TradingView. Meanwhile, the directional indicators are showing a clear shift. The +DI, which tracks bullish pressure, has dropped to 22.71, falling from 31.71 three days ago and 27.3 yesterday. In contrast, the -DI tracks bearish pressure has climbed to 17.68, up from just 7.16 three days ago and 15.64 yesterday. Yesterday, the gap between buyers and sellers nearly closed, with +DI at 20.91 and -DI at 20.1, suggesting sellers almost regained market control. This rising bearish momentum and a weakening trend strength raise the risk of Ethereum’s price slipping lower if buyers cannot defend key levels. However, if bulls manage to hold ground and reclaim momentum, ETH could still mount another attempt at recovery. ETH RSI Climbs After Sharp Drop: Will the Recovery Hold? Ethereum’s RSI is currently…
The post Ethereum Jumps 10% in a Week but Trend Shows Fragile Signs appeared on BitcoinEthereumNews.com.
Ethereum (ETH) is up more than 10% over the last seven days as the market shows signs of renewed activity. However, key technical indicators reveal a mix of weakening trend strength and cautious optimism from buyers. ETH is currently battling critical resistance zones that could define whether the rally continues or fades. With momentum still fragile, May could be a decisive month for Ethereum’s next major move. Ethereum’s Trend Weakens Sharply as Bears Close In Ethereum’s DMI chart shows its ADX is currently at 24.91, a sharp decline from 39 two days ago. The ADX, or Average Directional Index, measures the strength of a trend, whether up or down. Generally, an ADX reading above 25 signals a strong trend, while values below 20 suggest the market is entering a period of weakness or range-bound trading. The steep drop in ADX indicates that Ethereum’s recent momentum is quickly losing strength. Without renewed buying or selling pressure, ETH could remain stuck in a more volatile, sideways pattern over the short term. ETH DMI. Source: TradingView. Meanwhile, the directional indicators are showing a clear shift. The +DI, which tracks bullish pressure, has dropped to 22.71, falling from 31.71 three days ago and 27.3 yesterday. In contrast, the -DI tracks bearish pressure has climbed to 17.68, up from just 7.16 three days ago and 15.64 yesterday. Yesterday, the gap between buyers and sellers nearly closed, with +DI at 20.91 and -DI at 20.1, suggesting sellers almost regained market control. This rising bearish momentum and a weakening trend strength raise the risk of Ethereum’s price slipping lower if buyers cannot defend key levels. However, if bulls manage to hold ground and reclaim momentum, ETH could still mount another attempt at recovery. ETH RSI Climbs After Sharp Drop: Will the Recovery Hold? Ethereum’s RSI is currently…
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