Ethereum

Momentum

Coin

<ul class="news-points"> 
 <li>Bearish pressure challenges ETH, but positive signals hint at a $1,700 rebound.</li> 
 <li>Despite the market dip, ETH sees increased trading activity, reflecting ongoing interest.</li> 
 <li>RSI, MACD, and CMF signal potential ETH price recovery and bullish momentum.</li> 
</ul> 
In the previous 24 hours, bearish pressure has prevailed in the <a href="https://coinedition.com/tag/ethereum-eth/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> market, with the price falling from an intraday high of $1,679.76 to an intraday low of $1,651.96. This negative trend can be attributable to a mix of investor profit-taking and a broader market correction. ETH was trading at $1,665.11 at publication, indicating a small rebound from its intraday low. 
If negative momentum breaks through the $1,651.96 support level, the next level to watch for is around $1,620. However, if the market mood turns and bullish momentum takes hold, ETH might reclaim its prior highs and target the $1,700 barrier level. 
During the bear market, ETH’s market capitalization decreased to $200,164,575,545, while its 24-hour trading volume climbed by 7.87% to $4,621,631,140. Despite the reduction in market capitalization, the increase in trading volume demonstrates that there is still interest and activity in ETH. 
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The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/eth-poised-for-a-recovery-as-indicators-point-to-positive-momentum/">ETH Poised for a Recovery as Indicators Point to Positive Momentum</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

ETH Poised for a Recovery as Indicators Point to Positive Momentum

Coin Edition

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