Ethereum Overbought After 8% Rally — Watch for Pullback
I see ETHUSDT with elevated RSI across multiple timeframes (H1 72.7, H4 74.7, D1 77.8, W1 70.1), indicating the rally is technically overbought.
Price is 4,584.4, up ~8% in 24h on heavy volume, so momentum is strong but stretched and vulnerable to a pullback or consolidation.
I'm keeping ETH on my watchlist and I prefer to wait for a clear retracement or RSI cooldown before adding new exposure — buying on weakness or after consolidation is the safer approach.
Analysis
High RSIs across short and long timeframes signal overbought conditions despite strong volume-driven gains; the risk of mean reversion or a sharp correction is elevated until momentum cools.
Recommendation
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.