Ethereum Overbought on Multiple Timeframes — Wait for Pullback
I see ETHUSDT with elevated RSIs across multiple timeframes — H4 74.3, D1 77.8, D3 75.7 and W1 70.1 — which signals an overbought condition and higher short-term pullback risk. Price is ~4,621 after a +7.2% 24h move on heavy volume.
I'm scanning each four‑hour and would prefer to wait for a clear retracement or consolidation before adding exposure. If I'm already long, I’d consider partial profit-taking or tighter stops to manage downside risk.
Analysis
High multi‑timeframe RSIs combined with a sizable 24h advance and strong volume increase the likelihood of short‑term mean reversion or sideways consolidation rather than a clean continuation.
Recommendation
Watch the pair and avoid initiating fresh longs until RSI cools or price retests support; consider partial profit-taking or tighter stops if currently long.
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.