Ethereum has surged over 13% in the last two days, breaking above key moving averages. However, the RSI indicates it’s overbought, suggesting a potential pullback. Current momentum is strong but caution is advised for new buyers.
Price Action Overview
ETH jumped from around $2,800 to over $3,200 in a powerful rally. The price is now above both the 20-day ($3,147) and 50-day ($3,034) moving averages, which is a bullish sign. The 3.76% daily gain shows strong buying pressure.
Overbought Warning Signal
The RSI is at 74.75, which is above the typical overbought level of 70. This means the price has risen very quickly and might be due for a correction or consolidation. High RSI often precedes short-term price dips.
Volume and Support Levels
Trading volume spiked during the rally, confirming the move was supported by many buyers. Recent local lows around $2,979 and $2,798 provide potential support zones if the price pulls back.
Strategy for Beginners
Wait for a better entry point rather than buying at current highs. If you already hold ETH, consider taking partial profits. Set buy orders near support levels and sell orders near recent highs.
Beginner Recommendations
Advice: hold
Buy Price: 2979.72 USDT
Sell Price: 3221.56 USDT
Key metrics
| Price | 3185.7900 USDT |
| 24h Change | 3.76% |
| RSI(14) | 74.75 |
| SMA20 / SMA50 | 3147.15 / 3034.04 |
| Daily Volatility | 3.62% |
| Sentiment | Neutral |
| Risk level | High |
Disclaimer: this material is for educational purposes only and does not constitute financial advice. Cryptocurrencies are highly volatile; always assess your own risk, investment horizon, and do your own research.
