Ethereum's $2,689 Plateau Signals a Near‑Term Pullback
The most pressing signal from the market this week is ETH holding just above $2,689 while its on‑chain metrics turn bearish. The price has risen a modest 0.06 % in the last 24 hours, yet the technical readout flags a “strong_sell” with nine bearish versus four bullish signals, an RSI of 44.44 and a bearish MACD trend. Coupled with a widening order‑book imbalance of 0.3:1 on the sell side, the data suggest that the current plateau is more likely to give way to a correction than to launch a new rally.