Ethereum Resilience: Can ETH Maintain Its Bullish Momentum Amid Market Turmoil?
Ethereum has shown impressive resilience in the face of recent market turmoil. With strong bullish momentum, ETH has surpassed 2700 and hints at a potential rebound in the coming days. Increased on-chain activity and rising investor confidence contribute to this positive outlook, with a notable 0.83% of ETH supply moving to cold wallets, indicating a reduced sell-off risk. Technical indicators like the RSI and MACD support the bullish trend, further enhanced by growing institutional interest in Ethereum. Investors are hopeful as they watch for signs of continued strength in ETH’s performance as the market seeks clarity. Ethereum’s ability to navigate these challenges could lead to a significant recovery and renewed interest from investors.