ETH Bears Eye Sub-$1,850 on Gary Gensler Rhetoric
Beginning of the Thursday session was uneventful. Regulatory uncertainties weighed this morning despite optimistic staking data and the US CPI Report.

On Wednesday, Ethereum (ETH) decreased by 0.37%. Tuesday saw ETH lose 0.11% and close the day at $1,872. ETH crossed the $1,900 handle for the second time in six sessions despite the negative session.
Bitcoin Price Movement
ETH was down 0.11% to $1,870 this morning. ETH rose to an early high of $1,876 before dropping to a low of $1,864 during the day's range-bound opening.
The Daily Chart
ETH/USD was shown to be hovering below the bottom boundary of the $1,930–1,900 resistance zone on the Daily Chart.
ETH/USD is currently trading above both the 50-day ($1,855) and 200-day ($1,761) EMAs, indicating both short- and long-term bullish momentum.
Notably, bullish momentum was mirrored by the 50-day EMA's wider distance from the 200-day EMA.
The 14-Daily RSI reading of 50.53 indicated a moderately positive outlook that was in line with the 50-day and 200-day EMAs. A breakout from the $1,900–1,930 resistance zone with a target price of $1,950 is strongly supported by the RSI.
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