Ethereum recently experienced its first two-week death cross since 2022, indicating a potential drop towards $1,835, although strong volume and fund inflows suggest a possible rebound.
The death cross on Ethereum's bi-weekly chart, with the 20-period EMA falling below the 50-period EMA, signals increased downside risk and highlights a potential price floor around $1,835.
In the face of technical resistance, Ethereum's strong network activity, including 1.45 million daily transactions and significant fund inflows, hints at a potential recovery despite the bearish outlook.
Despite the bearish death cross signal, Ethereum's robust volume, fund inflows, and spike in network activity point towards growing investor confidence and potential stability amidst market volatility.