CandleFocus Can Ethereum Reach Back To $3,000 By the End of February?
2025-02-16
Author: Content Editor
The current news content suggests that Ethereum (ETH) has been experiencing a consolidation phase below $3,000 since February 2. Indicators such as RSI, DMI, and EMA indicate a lack of strong momentum, with neither buyers nor sellers having full control. The narrowing gap between EMA lines suggests a potential shift in momentum, but ETH must overcome key resistance levels to regain bullish momentum. If support levels fail, a deeper correction towards $2,160 could occur. Overall, ETH is currently in a neutral territory, lacking strong momentum and clear directional push.
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