Ethereum Price Analysis
Ethereum (ETH) is still riding on bear activity, as the Ethereum price stood at $2,334 as of press time after recording a daily decrease of 1.1% and a weekly rise of 7.8%. As a result of the Ethereum price, the token's trade volume dropped by 30% during the same period and is presently at $8.4B.
The Bollinger bands are diverging, showing high volatility levels on the Ethereum price. The Relative Strength Index (RSI) is above the average line close to the overbought region, showing bull activity on the Ethereum price despite today's dip.
