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Ethereum Builds Quiet Accumulation as $2.4K Capacity Refuses to Break
Ethereum (ETH) closed April above $2.3K, pressured against the $2.4K resistance that has been tested multiple times since mid-March without a clean break.
ETH Price Action at $2.4K
This cryptocurrency is on the verge of its biggest breakout in months or another rejection at the gate.
What has changed on the daily chart over the past four weeks is not resistance but the floor below it.
Each pullback has found support at higher levels, rising from the $2k area to $2.1K and now around $2.2K near the 100-day simple moving average.
The RSI is in the high-50s range, a reading that shows less momentum collapse than seen before previous failed attempts but still not strong enough to break through $2.4K.
$ETH