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The price of Ethereum (ETH) has shown some significant change in the past day rising by 1.86%. However, according to Hace 1 día However, that prediction might have been delayed according to the current Ethereum price action. Ethereum’s price has been consolidating between $2,474 and $2,688 within the Ethereum’s (ETH) market, at press time, projected a major bullish divergence, one identified by the taker buy-sell ratio against the price trend. Such a divergence Hace 1 día This action is supported by a tightening price structure that’s now giving way to bullish momentum. Ethereum’s recent candles are robust, with buyers stepping in at key A bullish divergence, as seen on ETH three weeks prior to, indicates a potential price reversal from a downtrend to an uptrend. It suggests that while On Janu, Ethereum (ETH) exhibited a bullish divergence, as noted by market analyst Michaël van de Poppe on Twitter (X). This divergence was identified with ETH trading at Ethereum investors have been fetching negative returns of late. In the five week window between the beginning of April to Ethereum’s market structure turned bullish after breaking a long-standing descending trendline, with RSI divergence signaling trend exhaustion below $1,600. Traders A significant observation made by CryptoQuant’s market expert, Crypto Sunmoon, points to a bullish divergence forming in Ethereum’s price action. A bullish

Ethereum Flashed a Bullish Divergence… But Here\'s the Catch!

The price of Ethereum (ETH) has shown some significant change recently, with a 1.86% rise in the past day. A significant observation made by CryptoQuant’s market expert, Crypto Sunmoon, points to a bullish divergence forming in Ethereum’s price action.

Bullish Divergence Identified: What Does It Mean?

On January [Date - based on "Janu"], Ethereum (ETH) exhibited a bullish divergence, as noted by market analyst Michaël van de Poppe on Twitter (X). Ethereum’s (ETH) market, at press time, projected a major bullish divergence, one identified by the taker buy-sell ratio against the price trend. Such a divergence A bullish divergence, as seen on ETH three weeks prior to, indicates a potential price reversal from a downtrend to an uptrend. It suggests that while prices might be falling (or stagnating), underlying buying pressure is increasing.

Ethereum’s market structure turned bullish after breaking a long-standing descending trendline, with RSI divergence signaling trend exhaustion below $1,600. Traders saw this as a positive sign, indicating a potential shift in momentum.

The Catch: Is This Rally Sustainable?

Ethereum’s price has been consolidating between $2,474 and $2,688. This action is supported by a tightening price structure that’s now giving way to bullish momentum. Ethereum’s recent candles are robust, with buyers stepping in at key levels.

However, according to [Source mentioning delay - based on "Hace 1 día However"], that prediction might have been delayed according to the current Ethereum price action. Despite the bullish divergence, Ethereum investors have been fetching negative returns of late. In the five week window between the beginning of April to [current date], the gains are modest.

What to Watch For

While the bullish divergence presents an optimistic scenario, it\'s crucial to exercise caution. Monitor key resistance levels and be aware of potential pullback scenarios. This bullish trend can easily reverse course if external variables arise.

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