Ethereum is facing challenges amid market uncertainty, with its price trying to climb above $2,800. This comes despite Ethereum consistently closing below significant moving averages like the 50 and 200-day MAs.
The tier one altcoin has a fully diluted valuation of around $292 billion, showing its significant presence in the market. Despite these hurdles, Ethereum is attempting to regain bullish sentiment.
Market experts are closely watching these movements to gauge if Ethereum can fully establish itself above these critical points in the near future.
