The post Ethereum Price Needs to Break the $3,170 Wall To Rise? appeared on BitcoinEthereumNews.com. The Ethereum price is slightly red today, near $3,013, down about 1.8%, while Bitcoin stays marginally green. The underperformance is not new. Ethereum has also dropped nearly 23% this month, again weaker than Bitcoin. There is a fresh reversal attempt on the chart, but this setup has already failed once. It will likely fail again unless one key level finally breaks. Sponsored Sponsored RSI Shows a Clear Bullish Divergence, but History Says It Can Still Fail A clean bullish divergence has formed between Nov. 4 and Nov. 19. The price made a lower low, but the RSI, a momentum indicator that measures whether price moves are strong or weak, made a higher low. Divergences like this often appear before a trend flip because RSI turns earlier than price. Ethereum Flashes Reversal Signs: TradingView Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. But Ethereum showed the same signal earlier, from Nov. 4 to Nov. 17, and it still failed. Both reversal attempts ran into the same wall: $3,170. The chart is flashing the right signal, but the structure behind it is not supportive yet. Reversal Keeps Failing: Selling Pressure and a Heavy Supply Cluster? Long-term holders are not backing the bounce. The Hodler Net Position Change, which tracks wallet flows of investors, remains negative. On Nov. 18, long-term holders were already net-negative by 524,819 ETH, but that number widened to 583,171 ETH on Nov. 19. That means another 58,352 ETH—around $175 million at current prices—moved into selling pressure within 24 hours. Until this shifts, any RSI-based reversal stays fragile. Sponsored Sponsored HODLers Keep Selling ETH: Glassnode The cost-basis heatmap, the indicator showing key supply clusters, explains the rest. The strongest supply block in months sits between $3,150 and $3,170, holding about 2.69 million ETH. This… The post Ethereum Price Needs to Break the $3,170 Wall To Rise? appeared on BitcoinEthereumNews.com. The Ethereum price is slightly red today, near $3,013, down about 1.8%, while Bitcoin stays marginally green. The underperformance is not new. Ethereum has also dropped nearly 23% this month, again weaker than Bitcoin. There is a fresh reversal attempt on the chart, but this setup has already failed once. It will likely fail again unless one key level finally breaks. Sponsored Sponsored RSI Shows a Clear Bullish Divergence, but History Says It Can Still Fail A clean bullish divergence has formed between Nov. 4 and Nov. 19. The price made a lower low, but the RSI, a momentum indicator that measures whether price moves are strong or weak, made a higher low. Divergences like this often appear before a trend flip because RSI turns earlier than price. Ethereum Flashes Reversal Signs: TradingView Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. But Ethereum showed the same signal earlier, from Nov. 4 to Nov. 17, and it still failed. Both reversal attempts ran into the same wall: $3,170. The chart is flashing the right signal, but the structure behind it is not supportive yet. Reversal Keeps Failing: Selling Pressure and a Heavy Supply Cluster? Long-term holders are not backing the bounce. The Hodler Net Position Change, which tracks wallet flows of investors, remains negative. On Nov. 18, long-term holders were already net-negative by 524,819 ETH, but that number widened to 583,171 ETH on Nov. 19. That means another 58,352 ETH—around $175 million at current prices—moved into selling pressure within 24 hours. Until this shifts, any RSI-based reversal stays fragile. Sponsored Sponsored HODLers Keep Selling ETH: Glassnode The cost-basis heatmap, the indicator showing key supply clusters, explains the rest. The strongest supply block in months sits between $3,150 and $3,170, holding about 2.69 million ETH. This…