Ethereum's price has shown signs of bullish continuation after breaking the $3,500 level and rebounding from the $3,200 support level. If the asset can hold above this area, a rally towards $4,000 could be expected. However, there is a bearish divergence between recent price highs and the RSI indicator, suggesting a pullback and retest of $3,500 may occur before further upside. The Ethereum futures market sentiment has cooled, indicated by decreasing funding rates, but if there is enough demand in the spot market, a sustainable rally could still occur in the coming weeks.



Other News from Today