Ethereum Buying Activity Hits Monthly Peak
Ethereum (ETH) has seen a significant surge in buying pressure, with the buy-sell taker ratio reaching 1.10, the highest level this year.
This figure shows that more traders are actively buying ETH contracts than selling, reflecting positive sentiment in the futures market.
RSI Indicates Positive Trend
Based on information we quoted from Beincrypto media, ETH’s Relative Strength Index (RSI) is currently at 58.40 and continues to rise.
Although it has not entered the overbought zone (above 70), this increase in the RSI reflects positive momentum that could push ETH prices higher in the near future.
ETH Price Stable Above 20-Day Moving Average
ETH is trading above the 20-day Exponential Moving Average (EMA), which is around US$1,770.
This position indicates short-term strength and opens up opportunities for ETH to advance to the next resistance level at US$2,027.
Conclusion
With a high buy-sell ratio, a steadily rising RSI, and a price that is firmly above the 20-day EMA, ETH is showing strong indications for a rise.
If this trend continues, ETH has the potential to break through the next resistance and maintain its upward movement.
