Ethereum shows signs of a bullish reversal with its first daily bullish divergence in two years amid macroeconomic shifts.
was exhibiting signs of a price reversal at press time, with a bullish divergence emerging on the daily timeframe. This marks the first bullish divergence for ETH in over two years.
ETH was trading below the middle Bollinger Band at press time, suggesting that the asset was still under bearish momentum. Thus, while selling pressure remains, there may be an opportunity for buyers to re-enter the market, potentially leading to a short-term bounce.Macroeconomic factors could also play a crucial role in Ethereum’s potential price surge.
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