ETH dey stall for $2.4K as RSI divergence and negative funding signal dem reject the pump

Ethereum (ETH) dey trade near $2.3K and e still near recent highs, but the breakout try pass $2.4K resistance dey lose follow-through. The daily chart still look constructive: ETH don reclaim key moving averages and don come out of long-term descending channel, and daily RSI don climb since February and dey above 50. But price dey fight confluence of the 100-day MA and the $2.4K supply area now. Next upside levels traders dey watch na $2.8K and the 200-day MA near ~$2.9K. If e no fit hold above $2.4K, risk of false breakout remain. For the 4-hour timeframe, the latest update dey more cautious: after small push past $2.4K, ETH reverse and display bearish RSI divergence (higher price high near ~$2.5K, lower RSI high), then pull back to around $2.32K. ETH dey retest bullish trendline from early-April lows near ~$2.0K; if e hold, e go preserve higher-lows and set up another try at $2.4K. If breakdown happen, attention go shift to $2.0K first, then $1.8K support band. Derivatives still dey against the move: funding rates remain negative through April, meaning futures positioning dey expect rejection round $2.4K. For sustained recovery, spot demand must confirm—otherwise the move fit stall or fade. Separately, prior on-chain signals show February capitulation with spike in active addresses, which look more like forced-liquidation fear than organic demand; since then active addresses don cool, so a sustained trend need participation to pick up again.
Neutral
ETH for daily chart still dey show structural improvement (e don recover from down channel, RSI don strong since February), so for longer timeframe e dey lean towards "fit rebound". But short‑term behavior don spoil: 4‑hour RSI show bearish divergence, price dey repeatedly block around $2.4K, plus April funding rate negative (futures side dey reject upside), make e hard for upward momentum to continue. If ETH fit hold the ~$2.0K uptrend line and turn $2.4K to valid support, e fit go $2.8K and challenge the 200‑day MA around ~$2.9K; otherwise if e break the trendline, pullback likely first reach $2.0K and test the $1.8K support band. On‑chain, earlier active address spikes look more like liquidation panic; if participation no recover, rebound fit easily weaken. So overall impact on ETH dey more "neutral": upside conditional, but downside risks still dey, and traders must closely watch hold/break of $2.4K and key support levels.