ETH

ETH is showing clear signs of short‑term overextension. The RSI at ~79.6 is firmly in overbought territory, historically associated with increased pullback risk rather than fresh long entries. Price is trading near the upper Bollinger Band ($3115) after an 8% daily move, suggesting it is stretched above its mean ($2934) with limited immediate upside versus downside. While MACD remains bullish (line above signal, positive histogram) and the trend is objectively up, the slope is already mature, making this a momentum continuation phase rather than an ideal low‑risk entry. EMAs (12/26/50) are stacked bullishly, but spot price is extended above them, especially above the 26/50 EMAs, again hinting at mean‑reversion risk. Volume on the latest push is only around 0.73x the 20‑period average, indicating a lack of strong breakout participation and raising the probability of a local top or at least consolidation. Given the elevated volatility (ATR ~$39) and crowded short‑term positioning implied by the order book imbalance on the ask, risk/reward now favors taking profits or reducing exposure rather than adding new longs.