Ethereum Builds a Spot Base 3x Stronger Than Its Last 25% Rally: What’s Next?
Ethereum (ETH) price printed a standard bullish divergence, repeating a setup that triggered about a 25% rally earlier this month. The token trades near $2,140 after a 48% decline from its January high of $3,400. However, conflicting signals from derivatives and spot markets suggest the path forward may not mirror the previous bounce. Leverage Signals a Shaky Foundation On March 8, when the previous relative strength index (RSI), a momentum indicator, showed divergence, ETH’s total open interest (OI) stood at $9
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