During the Asian session on Tuesday, Ethereum was trading just around $3,300. On Monday, the market action was mostly dull, with bulls unable to break over $3,400 resistance to reach $4,000. A recent sell signal was sent when the 12-day Exponential Moving Average (EMA) crossed below the 26-day EMA, adding to the negative narrative. Meanwhile, the Relative Strength Index (RSI) is slowly approaching overbought territory indicating that the bullish hold is slipping.