Arthur Hayes is quietly increasing his Ethereum holdings even as the token hits a key resistance zone that will likely define its near-term path. ETH is trading around $1,888, down over 3% in the past 24 hours, with $23.6 billion in daily trading volume and a market cap north of $227 billion. The selling pressure re-emerged after a brief recovery.
Crypto analyst BATMAN pointed out that ETH is approaching the 50-day moving average on the 3-day chart, a level that has repeatedly acted as a barrier in the last year. Each attempt to push beyond this moving average ended with a rejection, capping the upside for Ethereum. Breaking through it would signal a stronger recovery, while failure could trap the price inside its current range.
Technical momentum is fading. The RSI is hovering just above neutral at 53.8 but trending downward, signaling waning buying enthusiasm. Meanwhile, the MACD line lags below its signal at 37.27 versus 39.19, with a negative histogram reading, all pointing to weakening bullish momentum. Without renewed demand, Ethereum could face more price pressure soon.
Despite this, Arthur Hayes’ ongoing accumulation signals confidence from major investors. This aligns with activity seen across the market as some traders position for a possible breakout. Ethereum’s reaction to this resistance will shape the weeks ahead.
Material is for informational purposes only, not financial advice.
