$ETH launched like a rocket 🚀
ETH broke strongly from the 1,884.20 zone up to a high near 2,336.82, and now it trades around 2,308.99 on the 1-hour chart. The acceleration came with high volume, with approximately 1.46B USDT and 642K ETH traded in the capture.
The move is powerful, but the RSI(6) is at 99.22, an extremely overbought reading. That doesn’t force an immediate drop, although it does increase the risk of profit-taking, consolidation, or a pullback toward the Bollinger middle band, near 1,998.52; the Supertrend shows around 2,138.05 as a dynamic support reference.
ETH broke strongly from the 1,884.20 zone up to a high near 2,336.82, and now it trades around 2,308.99 on the 1-hour chart. The acceleration came with high volume, with approximately 1.46B USDT and 642K ETH traded in the capture.
The move is powerful, but the RSI(6) is at 99.22, an extremely overbought reading. That doesn’t force an immediate drop, although it does increase the risk of profit-taking, consolidation, or a pullback toward the Bollinger middle band, near 1,998.52; the Supertrend shows around 2,138.05 as a dynamic support reference.