ETH momentum is cooling despite recent recovery, with weakening buyer control indicated by technical indicators suggesting a clean break above $1,800 is needed to regain stronger bullish trend.
Too little corroboration in the last 3 days to call a trend (1 article). Watching for it to gain traction.
Sources note that despite ETH's recent price recovery, momentum indicators such as the MACD are showing a cooling trend, suggesting buyer conviction is fading. Analysts argue that a decisive break above the $1,800 level is required before a stronger bullish case can be made, and without it, the recovery risks stalling or reversing.
Technical resistance levels and momentum indicators matter because they shape the behavior of systematic and discretionary traders who use these thresholds to size positions, set stop-losses, and determine entry points, meaning a failure to break key levels can trigger cascading sell pressure that amplifies price moves beyond what fundamentals alone would justify.
"The MACD also indicated that following the recent recovery there was a cooling trend. To regain a stronger bullish trend, ETH might require a clean break of over $1,800."