Ethereum Price Recovers but A Strong Bearish Indicator Could Play Spoiler

Ethereum was trading in a positive area this Wednesday after rising about 5 percent on a 24-hour adjusted timeframe.
The second-largest cryptocurrency settled a new intraday high at circa $286, becoming one of the top-performing assets in the wake of a market-wide upside recovery. At its lowest, Ethereum was trading at $256 earlier this week, according to data fetched from US crypto exchange Coinbase.
Ethereum rebounds impressively across the leading retail exchanges | Source: TradingView.com
Th