Ethereum Price Under Bearish Strain as RSI Reaches 40.7

Ethereum Price Battles Below Crucial Daily EMAs While a Dormant Wallet Shifts $4.16M and ETF Inflows Pick Up Again Ethereum is trying to find stability following recent selling pressure, yet its daily chart shows that buyers still confront considerable resistance before any lasting recovery can take hold. As of press time, Ethereum is changing hands at roughly $2,259 on Binance’s ETH/USDT daily chart. The price sits beneath all four major exponential moving averages (EMAs), and an RSI of 40.7 indicates that bearish momentum remains dominant, although selling pressure may be easing. Also Read: Ethereum Price Points to a Solid Reversal as Breakout Toward $2,300 Draws Closer Per Lookonchain, a wallet inactive for over three years spent about 4.16 million SDAI to buy 1,734.1 sETH, then deposited those tokens into Tornado…

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