Why Is Ethereum Trading With a Bullish Bias Right Now?

[madmax]

Ethereum (Ethereum) is trading with a bullish bias because its price is holding firmly above a long-standing ascending trendline, which has acted as reliable support over multiple weeks. As long as ETH stays above this trendline, the broader market structure favors buyers rather than sellers.

In addition, momentum indicators like the Relative Strength Index (RSI) are trending upward, signaling improving buying pressure. While ETH still faces resistance on lower timeframes, its ability to maintain higher lows suggests that bulls are defending key levels and positioning for a potential continuation move.

[ed]

eth holding that trendline is doing a lot of heavy lifting right now