- ETH battles resistance with RSI nearing oversold
- Staking ETF hopes rise amid SEC regulatory tension
- MACD death cross signals short-term bearish trend
Ethereum continues to trade within a tight range as it faces a combination of technical resistance and regulatory uncertainty. While recent market signals suggest a potential shift in momentum, traders remain cautious as ETH struggles to maintain bullish traction.
Ethereum Price Holds Key Levels Amid Technical Pressure
Ethereum’s price is currently consolidating around $1,591 after recovering from a low near $1,480 earlier this week. The recovery followed a sharp rally that gained over 21% in a short period, triggered by global market relief from the temporary suspension of tariffs by U.S. President Donald Trump.
However, despite the initial strength, ETH is now struggling to break through the $1,580–$1,600 resistance zone.According to short-term chart analysis, RSI has fallen to 38.24, nearing oversold territory. This suggests weakening momentum but may also present a chance for a bounce.
The MACD indicator has formed a death cross, with the MACD line below the signal line and histogram bars turning red. If ETH fails to hold above $1,520, it could revisit the $1,480 support range, though a push above $1,580 may reignite bullish pressure.
Ethereum Staking ETF Debate Adds to Market Uncertainty
Ethereum’s price performance is also influenced by developments surrounding proposed staking ETFs. The SEC is reviewing amendments from Cboe and NYSE Arca seeking approval for Ethereum staking-based funds.
These ETFs could offer a 3% annual yield for traditional investors but face scrutiny due to security, slashing, and liquidity concerns.Industry voices, including Chorus One’s Brian Fabian Crain, argue that these funds differ from previous enforcement cases as assets remain in custody and are not sold as services.
Political changes within the SEC leadership may shift the agency’s stance, yet uncertainty continues to weigh on Ethereum’s performance. Traders are watching for both price confirmation and regulatory clarity to determine ETH’s next direction.
