ETH Overbought — Watch for Pullback After Strong Rally
I see ETHUSDT with elevated RSIs across timeframes (H1 72.7, H4 74.7, D1 77.8, W1 70.1), indicating a broad overbought condition after the recent rally.
Price is 4,584.4, up ~8.3% in 24h with strong volume, so momentum is real but stretched — the pair is vulnerable to a short-term pullback or consolidation.
I’m watching for signs of weakness or a retracement before adding exposure; I would consider selling into further strength or waiting for a clear dip to buy.
Analysis
Recommendation
Do not buy into current strength; either take profits or wait for a pullback. Consider buying on weakness or short-term sellers targeting mean reversion if you trade actively.
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.