ETH

ETH is showing clear signs of short‑term overextension. The RSI at 87.49 is deeply overbought, historically a zone where upside becomes limited and mean‑reversion risk rises sharply. Price is trading very close to the upper Bollinger Band ($3009) and well above the 12/26/50 EMAs, indicating a stretched move rather than a fresh, sustainable breakout. The MACD is strongly positive with a large histogram, but that often reflects a mature impulsive leg rather than an ideal entry point. Recent candles show slowing momentum: tight ranges around $2950–2965 and a 24h change that is essentially flat after a strong advance. Volume is only 0.42x the 20‑period average, suggesting buying pressure is weakening and any push higher lacks strong confirmation. With ATR at ~$29, a pullback toward the mid‑band/EMA cluster around $2880–2900 is a realistic short‑term target. Given the asymmetric risk—limited upside to the $3000–3050 resistance area versus notable downside if profit‑taking accelerates—the prudent action is to lock in gains or establish a tactical short with tight risk controls, rather than chase further upside here.