ETH

ETH is displaying clear signs of short‑term overextension. Price ($2971.95) is trading above the upper Bollinger Band ($2932.28) with a relatively tight bandwidth (5.8%), indicating a strong push beyond recent volatility norms and increasing mean‑reversion risk. The RSI at 85.96 is deeply overbought, a zone that historically precedes at least corrective pullbacks rather than offering attractive new long entries. The MACD is strongly positive with a large histogram, confirming powerful upside momentum, but this appears late‑stage given the parabolic 13:00–14:00 candle with 1.78x average volume, suggesting possible blow‑off behavior. Price is still below the 200 EMA ($3017.52), so structurally ETH remains in a broader neutral-to-slightly-capped environment, with resistance likely in the low $3000s. With ATR at $25.15, a routine 1–2 ATR pullback could easily retest the mid‑$2900s or high‑$2800s. Risk/reward for new longs is poor here; the prudent move is to lock in profits on existing longs or consider a tactical short with tight risk controls, anticipating a reversion toward support around the mid‑$2800s.