Ethereum (ETH) price sees a 3% rise, showing recovery signs as the year winds down, even though it's shy of new all-time highs like Solana and Bitcoin. Key indicators like the RSI and DMI reveal a potential bullish shift, with ETH nearing $3,523 resistance.
The RSI indicates buying pressure returning, lifting ETH from oversold conditions. ETH's RSI at 56.2 veers towards the bullish zone, suggesting potential for moderate gains.
ETH's DMI chart shows weak trend strength with ADX at 12.8, but buying pressure emerging as +DI surpasses -DI. A robust uptrend needs trend strength confirmation via an ADX above 20.
A break above $3,523 resistance could lead ETH to targets of $3,827 or $3,987. If momentum weakens, ETH might revisit and possibly break below $3,300 support.
