Ethereum (ETHUSD) recorded a modest increase during its recent intraday trading session, signaling a renewed push toward its next target at $2,540. The movement comes within the context of a prevailing short-term bullish trend, supported by encouraging technical signals.
Notably, a positive divergence has begun to form on the Relative Strength Index (RSI), following a period of exaggerated oversold conditions relative to Ethereum’s price action. This divergence indicates a potential shift in momentum, with early signs of renewed buying interest emerging.
The latest uptick follows Ethereum’s successful accumulation of positive momentum in previous sessions, reinforcing the stability of the bullish outlook and increasing the likelihood of an imminent advance toward the projected price target.
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