Over the past week, Ethereum (ETH) has experienced a notable surge, recording gains exceeding 10% amid indications of renewed market activity. Despite this positive momentum, key technical indicators highlight a complex scenario where the strength of the upward trend appears to be weakening, yet buyers exhibit cautious optimism. This delicate balance leaves Ethereum's immediate trajectory uncertain, with several critical resistance zones playing a pivotal role in determining whether the current rally persists or loses steam.

The Ethereum DMI chart reveals a significant decline in the ADX (Average Directional Index), which has fallen sharply from 39 two days ago to 24.91. The ADX serves as a gauge for the intensity of a trend, regardless of whether it is upward or downward. Generally, readings above 25 indicate a robust trend, while figures below 20 suggest the market might transition into a weaker state or enter a range-bound trading phase. The recent steep drop in the ADX underscores that Ethereum's recent momentum is rapidly losing strength. In the absence of fresh buying or selling pressures, ETH may remain trapped in a volatile, sideways movement in the near term.

Concurrently, the directional indicators are displaying a distinct shift. The DI, which monitors bullish pressure, has decreased to 22.71, down from 31.71 three days prior and 27.3 yesterday. Conversely, the -DI, which tracks bearish pressure, has surged to 17.68, climbing from just 7.16 three days ago and 15.64 yesterday. Notably, yesterday's gap between buyers and sellers nearly closed, with DI at 20.91 and -DI at 20.1, implying that sellers almost regained control of the market. This increasing bearish momentum coupled with weakening trend strength raises the possibility of Ethereum's price declining further unless buyers can successfully defend crucial support levels. Conversely, should bulls manage to maintain their position and regain momentum, ETH might still attempt another recovery.

Ethereum's RSI (Relative Strength Index) currently stands at 56, having risen from 45.5 one day ago, following a peak of 70.46 four days earlier. The RSI functions as a momentum indicator to measure the velocity and extent of price fluctuations. Typically, an RSI above 70 signals that an asset is overbought and potentially due for a pullback, whereas an RSI below 30 points to oversold conditions and the likelihood of a rebound. Readings within the 30-70 range are deemed neutral, with levels around 50 often representing a pivotal moment for market decisions. The rapid fluctuation in Ethereum's RSI over recent days mirrors the volatile sentiment surrounding ETH. As the RSI has climbed back to 56, Ethereum has regained momentum after dipping into neutral-to-bearish territory. An RSI above 50 leans slightly bullish, indicating that buyers have begun to reassert some control, albeit not with overwhelming vigor. Should the RSI continue ascending toward 60 and beyond, it might signal a renewed push higher for ETH prices. Conversely, if momentum falters again and the RSI declines, it would imply that the recovery is losing traction, potentially leading Ethereum into a broader consolidation phase or even a correction.

Ethereum's price has attempted multiple times over the past few days to surpass the resistance level at $1,828. If ETH successfully breaks through and sustains this level definitively, it could pave the way for a more substantial upward movement. The subsequent primary target would be $1,954, and if bullish momentum remains robust, a further rally towards $2,104 could ensue. In an even more aggressive uptrend, Ethereum might eventually test $2,320, marking a significant bullish extension. These levels will be crucial to monitor as they could determine the intensity and endurance of any breakout in the forthcoming days.

On the downside, if Ethereum fails to uphold its current levels and the trend reverses, the initial critical support to observe resides at $1,749. A breakdown below this point could prompt a decline towards $1,689. If selling pressure escalates, ETH might prolong the downtrend further, with major support levels at $1,537 and $1,385 becoming relevant. Losing these levels would signify a more extensive correction, suggesting that the recent recovery efforts were merely temporary before a longer-lasting bearish phase materializes.

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