Overview
- Ether slipped below $2,300 and hovered near $2,250, with traders watching if that level can steady the market.
- A drop under $2,250 could invite a move toward $2,200, while a push above $2,320 may set up tests of $2,375 and then $2,420.
- On the daily chart, a bearish RSI divergence and a recent MACD bearish crossover point to fading upside momentum.
- Non-exchange whale wallets accumulated roughly 360,000 ETH during the pullback, but Bitmine has slowed purchases at about 86% of its 5% supply target.
- Fundstrat’s Tom Lee said “Crypto Spring has commenced,” offering a longer-term bullish view that contrasts with the near-term caution.