Ethereum recovers by 6% - bearish control is weakening, but not disappearing

Ethereum (ETH) is showing strong growth, rising almost 6% overnight to cross $2,200 after a recent slump to $2,000. Investors are closely watching the situation, expecting possible changes due to the upcoming events in the financial sector.

Technical indicators are signaling that the ETH market is in a phase of uncertainty. The Relative Strength Index (RSI) shows a neutral value of 48.9, indicating a balance between supply and demand. It has experienced significant fluctuations in recent days: two days ago it was at 67.6, approaching the overbought zone, and then fell to 36.1, reflecting the increasing pressure from sellers.

RSI dynamics confirms that there is no clear bias to one side, and the future direction of the ETH price depends on whether the buyers gain sufficient strength. If the index starts to grow, it will signal a potential continuation of the uptrend. On the contrary, a decline in RSI may increase downward pressure, increasing the probability of a support zone retest.

Additional confirmation comes from the directional movement indicator (DMI). The ADX maintains a value of 31.3, indicating a strong trend, and the gap between +DI and -DI has begun to narrow. The recent rise in +DI from 11.8 to 18.6 and the decline in -DI from 33 to 26.6 show that sellers are loosening up while buyers are starting to have more influence. However, as long as -DI remains above +DI, the downtrend is still influential.

If demand strengthens, Ethereum could attempt to break through the $2,550 resistance level, which would open the way to $2,855. If the bullish momentum continues, the price can consolidate above $3,000 and even approach $3,442. However, much will depend on external factors, including the general state of the crypto market and potential regulatory changes.

The downside risk remains: if buyers are unable to hold their positions, ETH could retest the $2077 zone, and if demand weakens further, the price could fall below $2,000. At the moment, the market is showing signs of stabilization, but the final direction of movement has not yet been determined.