The price of Ethereum (ETH) is struggling to rise above $3,000 due to bearish momentum. The Relative Strength Index (RSI) remains neutral, indicating weak buying pressure. The Directional Movement Index (DMI) shows that ETH is still in a downtrend, although selling pressure has eased slightly. Short-term Exponential Moving Averages (EMAs) are still below long-term ones, suggesting further possible declines. The current RSI of 44.7 and ADX of 34.2 confirm ETH's neutral position and downtrend. If the RSI can surpass 50, it would suggest a shift towards bullish control. However, failure to do so may result in consolidation or renewed selling pressure. The -DI is still higher than the +DI, indicating a dominant downtrend. The EMA lines also indicate a bearish trend, with short-term EMAs below long-term ones. If bearish momentum persists, ETH could drop to support levels at $2,356 and $2,163. However, if ETH regains positive momentum, it could reach $3,300 or even $3,744.



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