Is Ethereum Signaling a Bullish Reversal After its Recent 40% Drop? – Blockonomi

TLDR: Ethereum’s RSI prints higher lows while the price shows lower lows, creating a classic bullish divergence. Whales collected 220,000 ETH worth $660 million last week, despite previous sell-off activity. Spot Ethereum ETFs recorded inflows of $84 million on December 22, signaling institutional yield returns. Breaking resistance above $3,100 could trigger a rally towards the […]