ETH dey hold for $2,243 as whale buying slow down; RSI/MACD don turn bullish
Ethereum (ETH) dey hold around $2,243 after 2.5% daily gain, with buying momentum dey come back but whale ETH accumulation dey look like e slow down. Later update (CryptoQuant/CW dem mention) point to capital inflows and reduced sell pressure, supported by ecosystem growth.
Since the February selloff, ETH don dey range near $2,150–$2,300, with the latest daily close around $2,243.7. Technically, RSI don rise above 60 (about 60.05) and MACD don flip positive, wey suggest say ETH dey move from oversold condition toward renewed bullish momentum.
Traders still dey watch resistance at $2,250–$2,300. If e break and hold above this zone e fit extend the rebound; if e fail fit trigger renewed selling. On-chain, the “end of whale accumulation” story add uncertainty, because transition from accumulation to distribution fit make price action chop up even when ETH momentum dey improve.
Neutral
Short term, di news small support ETH: RSI > 60 and MACD don turn positive dey show say momentum dey improve, and with sell pressure reduce plus money wey dey flow in fit help keep the rebound try. But market still dey capped by $2,250–$2,300 resistance band, so confirmation never reach yet.
The newer angle — whale ETH accumulation don slow — fit balance the technical optimism. When accumulation change to distribution e dey usually increase uncertainty and fit cause higher volatility or failed breakouts. Long term, if wider participants step in after whale buying cools, ETH still fit move into stronger uptrend; but until ETH clear resistance and hold, risk management suppose assume a range-to-choppy regime rather than a clean trend.