above its 50-day moving average of $1,733. Still, it remains far below the 200-day moving average at $2,402. The Kijun line at $1,780.86 remains the nearest major barrier. Hourly MACD and ADX point higher. RSI sits near 46, and momentum oscillators show oversold conditions. The signals do not fully agree, which often happens when a market lacks direction.
Analyst Anton Kharitonov said buying activity looks real but not decisive. He pointed to $1,780 as the key resistance level. Without a clear move above it, the recovery stays uncertain.
DEX activity also jumped across Ethereum-based protocols. V3 fees rose 168% in 24 hours. Fluid DEX posted a 192% daily increase, according to DefiLlama data.
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At the same time, total market trading volume rose 107%, according to CoinGecko. That surge points to heavy volatility. It does not automatically show fresh capital entering the market.
The near-term range remains tight between $1,710 and $1,820. A daily reclaim of $1,800 would improve the picture. A drop below $1,750 on volume would bring the collateral risk back into focus.
