While Ethereum's price has seen a slight decline over the last 24 hours, technical indicators suggest a potential short-term bullish shift. Despite recent sell-offs, ETH's exchange netflow indicates more buying interest and reduced selling pressure.
has seen a slight decline over the last 24 hours, but technical indicators suggest there could be a short-term bullish shift.
ETH trading above the 50-day moving average points to short-term bullish momentum. However, it remains well below the 200-day moving average, which suggests that the broader long-term trend is still bearish.The Parabolic SAR indicator also supports this short-term bullish outlook, with dots positioned below the price. This indicates that the current uptrend remains intact, and buyers are still in control of the market for now.
ETH Ethereum Cryptocurrency Bullish Bearish
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