ETH faces a potential retracement before a rally toward $2,800, with market indicators showing falling buying pressure and liquidity zones.
has entered what is known as a retracement—a temporary dip that often precedes a renewed rally in bullish markets—resulting in a 2.70% decline during this period.The ETH chart currently lacks bullish signals, indicating a potential further decline as it searches for an optimal level of liquidity to support a price increase.
The Relative Strength Index operates on a scale from 0 to 100, with 50 representing the neutral point. Readings above 50 signify positive momentum, while values between 50 and 60 indicate moderate buying pressure.
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