
Ethereum Tests $2,800 as RSI Signals Overbought Conditions
- —ETH gained 3.44% ($90.98) to $2,735, entering the $2,600–$2,800 resistance zone
- —Daily RSI at 70.46 and 4-hour RSI at 74.89 are both above the overbought threshold of 70
- —Active addresses rose from 280K to 490K, daily transactions from 1.45M to over 2M
- —Key support sits at $2,483–$2,584 (FVG), with the bullish structure intact above $2,360
Why it matters: A close above $2,800 would confirm the bullish reversal and open the path to $3,000+, while a rejection could send ETH back to $2,580 and $2,400.
Source: The Cryptonomist
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