HomeETH nieuwsMajor Technical Divergence Emerges on the Ethereum Chart as Price Holds but Buying Pressure Fades

Major Technical Divergence Emerges on the Ethereum Chart as Price Holds but Buying Pressure Fades

2025-06-14
historical
Major Technical Divergence Emerges on the Ethereum Chart as Price Holds but Buying Pressure Fades

historical

At press time, ETH traded at approximately , recovering from a recent intraday high. This price action puts the market at a critical crossroads, with analysts watching to see if support can hold in the face of weakening underlying strength.

According to a chart shared by market analyst Rekt Capital, Ethereum has once again affirmed $2,516 as a crucial support level.

Historical data

While the price is holding support, technical data shows early signs of a bearish divergence. The Relative Strength Index (RSI 14) has dropped to 49.54, falling below the neutral 50 level. This suggests reduced buyer strength after multiple weeks of price activity above $2,600. The RSI had reached above 60 in recent sessions, but the retreat signals a shift in market momentum.

The MACD indicator also reflects a decline in bullish pressure. The MACD line currently stands at 59.04, while the signal line is higher at 75.34, producing a negative histogram reading of -16.30. This bearish crossover typically indicates that selling activity is overtaking buying interest.

At the time of writing, Ethereum’s price was up by 0.58%, reaching . However, daily trading volume dropped by 45.66% to $21.6 billion. This decline in volume contrasts with the price rebound and may signal weakening short-term conviction.

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