ETH Onchain Data Suggests Potential Rally to $4,500 Amid Short-Term Bearish RSI Divergence
Main Idea
ETH onchain data suggests a potential rally to $4,500 due to strong market momentum, but a bearish RSI divergence warns of a possible short-term pullback.
Key Points
1. Ether (ETH) has been trading just below the $4,000 resistance since December 2025, with the $4,500 level being a key target for bulls based on historical data.
2. A bearish RSI divergence indicates weakening buying pressure, suggesting a potential short-term correction if ETH fails to break above $4,000 convincingly.
3. A breakout above $4,000 could trigger liquidations totaling up to $930 million, potentially propelling ETH toward $4,500.
4. Immediate support for ETH is expected below $3,700, with a deeper pullback possibly testing the $3,200-$3,300 range.
5. Traders should monitor volume and RSI signals closely to gauge whether ETH will rally to $4,500 or face a short-term correction.
Description
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