Ethereum (ETH) price showed strength despite Bitcoin’s brief pullback on Monday. Is this faux strength, or will the ETH price continue to ascend? A closer look at technical analysis and on-chain data indicates clear signs of exhaustion and a potential crash to $2,000. Sell Signs Flash as Ethereum Price Rally Stalls Below $3,000 At press time, Ethereum trades at $2,638 and is up 3.10% today. Due to the recent uptick, the market cap of ETH hovers around $318 billion. Sell Signal 1: Bearish Divergence Hints $2,000 Retest Likely On the daily chart, Ethereum’s price has been trading between $2,323 and $2,738 with signs of bullish exhaustion. While ETH produced almost equal highs in the past two weeks, the momentum indicators like RSI and AO produced lower highs. This non-conformity is termed bearish divergence and hints ETH price is due for a short-term pullback. The Relative Strength Index (RSI) has recently… Read More at Coingape.com
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