ETH price testing $2,000 wall, facing resistance at Bollinger upper band. MACD flat, 65.6% retail longs. May drop to $1,840.
The price of Ethereum (ETH) is currently testing the upper Bollinger band and approaching the significant $2,000 mark. This is accompanied by a stagnant MACD indicator. Retail investors have heavily bet on the price increase with long positions reaching a high of 65.6%. The market appears to be at a critical point with potential implications for the future price movement.