Michaël van de Poppe: Bullish Divergence on ETH

Michaël van de Poppe noted a possible bullish divergence on $ETH after the token swept beneath recent lows, signaling a potential reversal higher.

Price currently sits at $2430.59 inside the Bollinger Bands on the 4h chart. The structure remains bearish with EMA50 at $2507.28 and EMA200 at $2557.05 acting as overhead resistance, while RSI(14) at 43.76 stays neutral and MACD prints a death cross at -32.96. A bounce toward the upper band at $2581.66 would require first clearing the 50-EMA confluence before any sustained bullish continuation can develop.