Ethereum Battles to Reclaim $3,000 Amidst Mixed Signals

Ethereum Stalls Below $3,000 as Buying Pressure Remains Weak

Ethereum (ETH) has been struggling to regain bullish momentum after briefly turning positive amid the Solana meme coin controversy. While that initial push hinted at a stronger uptrend, it failed to gain traction, leaving ETH stuck in a consolidation phase.

Now, Ethereum is attempting to reclaim the $3,000 level as it recovers from a nearly 18% drop over the last 30 days. With technical indicators still showing mixed signals, ETH remains at a pivotal point where a decisive breakout or breakdown could shape its next major move.

ETH RSI Has Been Neutral For 16 Days

ETH RSI is currently at 54.8 after reaching a high of 62 and dropping to 39.1 between yesterday and today. This movement reflects a period of increased volatility, where price momentum briefly accelerated before pulling back.

Despite this fluctuation, RSI has now stabilized at a mid-range level, suggesting that neither strong buying nor selling pressure is currently dominant. This comes after a series of neutral readings over the past few weeks, reinforcing the idea that ETH has been lacking a clear directional trend.

Ethereum DMI Shows the Uptrend Is Still Trying to Get Traction

Ethereum’s DMI chart indicates that its ADX is currently at 10.2, declining from 13.7 yesterday and significantly down from 32.8 one week ago. This sharp drop suggests a weakening trend strength, as ADX measures the overall momentum of a price movement rather than its direction. With ADX now falling to a low level, ETH recent price action appears to lack strong conviction in either direction.

Will Ethereum Fall Below $2,200?

Ethereum’s short-term EMA lines are currently very close to each other and still positioned below the long-term EMAs, signaling a lack of strong momentum in either direction. If the price of Ethereum can establish a sustained uptrend, it could challenge the resistance at $3,020, marking the first time it trades above $3,000 since February 2.

A successful breakout above this level could open the door for