Ethereum’s recent price surge has sparked debates among analysts and traders, with both bullish and bearish viewpoints emerging. While some predict continued upward momentum fueled by technical patterns and growing network activity, others highlight potential short-term selling pressure. 📈 📉
Key highlights include:
* **Positive Momentum:** Ethereum’s price is up roughly 10% in the past week, briefly surpassing $1,800 before retracing to $1,750.
* **Optimistic Predictions:** Some analysts believe ETH has yet to reach its full potential and predict targets of over $2,000, citing increased active addresses and a bullish technical setup.
* **Cautious Signals:** However, indicators like positive exchange netflows and weak ETF inflows suggest that short-term selling pressure might outweigh current optimism. 📉
* **RSI Warning:** ETH’s RSI is currently hovering above 70, indicating potential overbought territory and a possible correction.
It remains to be seen whether Ethereum can overcome these conflicting signals and continue its upward trajectory or face a pullback in the short term.