Ethereum Price Eyes Potential Breakout Amid Bear Dominance

Ethereum Price Eyes Potential Breakout Amid Bear Dominance

The price of Ethereum (ETH) is trading at $1,866, down 1.17% in the last 24 hours.
The ETH price has begun a temporary upswing from the $1,856 level.
In the last 24 hours, the cryptocurrency market has moved inside a narrow range. Also, the fear and greed measure is now at 51 out of 100, which is in the middle of the spectrum. On Thursday, bulls drove the price of Ethereum (ETH) closer to $1,900.
Ever since the price has been struggling to maintain momentum. According to CMC, the price of Ethereum (ETH) is trading at $1,866, down 1.17% in the last 24 hours.
Facing Strong Resistance 
The RSI ceiling at 48.00 was broken recently, signaling the start of the surge for the world’s second-biggest cryptocurrency. Despite this, prevailing negative sentiment has been signaled by a crossing between the 10-day and 25-day moving averages (MA).

Source: CoinMarketCap
If ETH fails to break over the $1,900 price level, a severe decline is anticipated. The price of Ethereum has begun a temporary up

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