ETH Overbought Across Timeframes — Consider Selling on Strength
I see ETHUSDT as broadly overbought: H1 70, H4 76.5, D1 77.8 and similar high RSIs across higher timeframes after a ~9% 24h pump on strong volume. Such RSI saturation across multiple TFs often signals short-term exhaustion rather than a sustainable breakout.
I’m not bullish on adding fresh exposure here; I’d prefer to trim positions or tighten stops and wait for a clear pullback or consolidation on the four‑hour chart before re-entering. If momentum keeps pushing price higher without retracement, I’d take profit on strength.
Analysis
Recommendation
Sell on strength: trim exposure or tighten stops now and wait for a retracement or clearer support on the four‑hour chart before adding new longs.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.