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Ethereum Hits New All-Time High Amid RSI Divergence Concerns
Ethereum has reached a new all-time high, confirming its upward trend. However, technical indicators show a divergence as the Relative Strength Index (RSI) indicates losing momentum despite rising prices. ETH is now facing resistance within the $3,900–$4,800 range, which may lead to profit-taking.
Key Developments
- ETH closed the weekly candle above $4,600, marking a significant milestone.
- Analyst GrayWolf6 suggests a potential push beyond $5,000, with $5,100 being a crucial level to monitor.
- Mixed signals are appearing on Ethereum’s chart, indicating both bullish and bearish trends.
- Declining trading volume raises concerns about weakening momentum, potentially leading to increased volatility in the short term.

Market participants should watch for developments regarding RSI patterns and trading volume as they could influence future price movements.
