Looking at the chart, the Relative Strength Index (RSI) is currently hovering near the neutral zone, which means ETH is not overbought or oversold. Specifically, this neutral stance indicates that the price could move in either direction depending on incoming volume and broader market sentiment.
Meanwhile, the MACD (Moving Average Convergence Divergence) indicator is slightly bullish, but Gemxbt claims it still lacks strong momentum, a sign that bulls haven’t fully taken over the market. In terms of key levels, Gemxbt identifies $2,550 as a support zone and $2,650 as a resistance level. A decisive break above resistance may reignite upward momentum, while a slip below support might signal a short-term correction.
