These indicators show that the plan for Ethereum (ETH) to return to a price of $4,000 may be temporarily delayed.

In December, the price of Ethereum (ETH) has remained below expectations, disappointing many who anticipated it would stay above $4,000. Nevertheless, ETH has successfully risen nearly 6% in the past week, showing some signs of recovery.

The RSI has remained neutral for a week, reflecting a lack of strong momentum, while whale activity has stabilized near its highest level since September. As the price consolidates between $3,523 and $3,220, ETH's next move depends on breaking through key resistance levels or maintaining key support levels.

ETH RSI has remained neutral for a week.

The Ethereum Relative Strength Index (RSI) is currently at 50.21, staying in the neutral zone, fluctuating between 35 and 55 since December 20.

This indicates that the price movement of ETH over the past week has lacked significant momentum in either direction, reflecting a period of consolidation.

ETH RSI. Source: TradingView

The RSI is a momentum indicator used to measure the strength of price changes, with a range of 0 to 100. Readings above 70 typically indicate overbought conditions, signaling potential price corrections, while readings below 30 indicate oversold conditions, which may lead to price rebounds.

An Ethereum RSI of 50.21 indicates a balanced market, with neither buyers nor sellers exerting strong control.

The number of Ethereum whales has slightly decreased but remains high.

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