ETH rises 2.78% to $2,449 but stays below key moving averages
- —ETH at $2,449.50: up 2.78% daily but only 0.41% from the prior close
- —Price below 7-, 15-, 30- and 50-day SMAs; MACD bearish, RSI at 41.1
- —Daily volume of $13.55B is just 0.82% above the 30-day average
- —Market cap $299.18B, 50.5% below the all-time high of $4,948
Why it matters: A rebound without volume or a move back above the short-term averages does not reverse the downtrend; ETH needs to reclaim the $2,554 SMA-50.
Source: DiarioBitcoin