ETH continues to consolidate while market indicators suggest a potential breakout.has struggled to maintain an uptrend. Over this period, the altcoin has traded within a consolidation range.
Based on Spotonchain’s observation, Endaoment has sold 3,690 ETH tokens worth $12.47 million. This is the first transaction from this entity in 10 months and its largest ever. At the time of writing, ETH was trading at $3,429, marking a moderate increase of 0.21% on daily charts and an extension of this bullish trend by 2.45% on weekly charts.
According to AMBCrypto’s analysis, the Ethereum market remains optimistic, and investors are still hoping for a price recovery.This market sentiment is evidenced by a rising RSI and MACD. The Relative Strength Index made a bullish crossover 2 days ago, signaling a surge in buying pressure as buyers start to dominate. The RSI has risen to 47 at press time, up from 42.
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