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2026-10-18 03:45 UTC

ETH: Bullish Divergence Holds as Dips Draw Buyers

ETH: Bullish Divergence Holds as Dips Draw Buyers

Michaël van de Poppe flags a potential bullish divergence on ETH that still requires a resistance break for confirmation while noting brighter higher-timeframe structure and dip-buying opportunities at $2414.7.

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Analysis

@CryptoMichNL highlights a lingering bullish divergence on ETH that awaits a decisive break above resistance before confirmation, leaving the asset in a neutral zone where either direction remains possible.

Price sits at $2414.7 inside the Bollinger Bands with the upper band at $2477.03 acting as immediate resistance and the lower band at $2373.4 as short-term support. The EMA50 at $2469.73 and EMA200 at $2536.11 define the bearish trend structure overhead, yet the MACD golden cross at -15.81 supplies bullish momentum while RSI at 44.55 stays neutral. This confluence points to a likely test of the upper Bollinger resistance before any sustained move, with a healthy retracement toward the EMA50 support probable if momentum stalls.


Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast