Ethereum Overbought on Multi-Day RSIs — Avoid New Longs, Watch for Pullback
I see multiple higher-timeframe RSIs for Ethereum showing overbought conditions — 4h 76.7, 1d 79.9, 3d 80.2 and weekly 70.1 — while the very short term (m15) is neutral at 54.8 and h1 is high at 68.9.
Price is trading around 4,735.4, up about 3.3% on 24h with a $4.34B volume. The short-term momentum is positive, but multi-day frames suggest elevated risk of a pullback or consolidation.
I would avoid initiating fresh long positions now and prefer to wait for a clear retracement or signs of RSI normalization before adding exposure; if already long, consider reducing size or selling into strength.
Analysis
Recommendation
Do not buy new positions now. Wait for a pullback or RSI dip toward neutral levels before entering; if holding, consider partial profit-taking or selling into strength to manage risk.
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.