Ethereum Market Analysis
Ethereum’s (ETH) price movement is also in an uptrend, supported by the Alligator indicator with its three lines aligned and moving upwards. The recent candlesticks are trading above the Alligator’s jaw (the blue line), reinforcing the bullish trend.
However, the Relative Strength Index (RSI) is above the 50 level. Still, it has turned down from the overbought territory, suggesting that while the trend is bullish, there might be a temporary pullback or consolidation on the Ethereum price in the near term. The Ethereum price is currently at 2482 representing a 0.3% increase from its previous 24-hour price.
