Ethereum (ETH) price is struggling to reclaim the $3,000 level as bearish momentum continues to weigh on its recovery. The RSI remains neutral, failing to break above 50 since February 1, indicating that buying pressure has yet to strengthen significantly.

Meanwhile, the Directional Movement Index (DMI) shows that ETH is still in a downtrend, though selling pressure has started to ease slightly. With short-term EMAs still below long-term ones, ETH remains at risk of further declines unless momentum shifts in favor of the bulls.

ETH RSI Failed to Break Above 50 Since February 1

Ethereum’s Relative Strength Index (RSI) is currently at 44.7, maintaining a neutral stance since February 3 after briefly plunging to 16.7 on February 2. The RSI is a momentum oscillator that measures the strength and speed of price movements on a scale from 0 to 100.

Typically, an RSI above 70 signals overbought conditions, suggesting a potential price correction, while an RSI below 30 indicates oversold levels, often associated with buying opportunities.

A reading between 30 and 70 is considered neutral, meaning the market lacks a clear bullish or bearish trend.

With ETH RSI at 44.7, it remains in neutral territory but continues to struggle to break above 50, a level it has failed to reach since February 1. This suggests that while bearish pressure has eased since the extreme oversold conditions of early February, buying momentum remains weak.

If ETH can push its RSI above 50, it would indicate a shift toward bullish control, potentially leading to a stronger price recovery.

However, failure to do so may signal prolonged consolidation or even renewed selling pressure, keeping ETH in a choppy trading range until stronger demand emerges.

Ethereum DMI Shows The Current Trend Is Still Bearish

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Author: Tiago Amaral

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