Ethereum price analysis (Neutral) — 2812.69 USDT (-0.43% 24h)

Ethereum is showing a classic case of technical divergence against a backdrop of strong momentum. While the price currently holds at $2,812, comfortably above the 20-day SMA of $2,786, it remains below the more significant 50-day SMA at $2,883, indicating a potential zone of resistance overhead. The most critical signal is the RSI reading of over 85, which is deeply in overbought territory and suggests a high probability of a near-term pullback or consolidation. The 24-hour volume of $1.85B is robust, supporting the current price level, but the slight negative daily change hints at buyer exhaustion. Traders should exercise caution here. Aggressive longs at this level are risky. A prudent strategy would be to wait for a cooldown in the RSI, potentially targeting a retest of the $2,786 support. A decisive break and close above the $2,883 level would be needed to invalidate the overbought warning and signal a stronger bullish continuation.