ETH

ETH is exhibiting classic signs of a short-term blow‑off move and is technically overextended. RSI at 93 is deep into overbought territory, historically associated with mean reversion or at least consolidation rather than sustainable continuation. Price is trading well above the upper Bollinger Band ($3004 vs. $2918), indicating a volatility expansion spike. The 24h change of +10% with a 4.46x volume ratio confirms a strong impulsive move, but such surges often attract profit‑taking once immediate liquidity is consumed.

MACD is extremely positive with a large histogram, confirming strong momentum, yet this is late‑stage rather than early‑stage bullish, especially given the parabolic last two hourly candles. Price is also above the 12/26/50 EMAs and pressing near the 200 EMA from below, an area where sellers often step in during neutral/basing phases. ATR is moderate, so a pullback toward support (around $2850–2900) is plausible without breaking the broader structure. Given the neutral trend context and extreme short‑term extension, the asymmetric move from here favors downside or sideways rather than further sharp upside. Risk‑averse management argues for taking profits or reducing exposure rather than initiating new longs.