---
title: "ETH may hit $2,353 before targeting $2,640. It's overbought with RSI at 80 and open interest falling."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296676676.md"
description: "The cryptocurrency Ethereum (ETH) has surpassed all key moving averages and is currently trading above its Bollinger upper band. The Relative Strength Index (RSI) stands at 80, indicating a potentially overbought market. Additionally, open interest in ETH is significantly decreasing. Analysts suggest a short-term correction may lead to a pullback towards $2,353 as a possible scenario."
datetime: "2026-08-22T07:49:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296676676.md)
  - [en](https://longbridge.com/en/news/296676676.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296676676.md)
generator: "portal-rs"
---

# ETH may hit $2,353 before targeting $2,640. It's overbought with RSI at 80 and open interest falling.

The cryptocurrency Ethereum (ETH) has surpassed all key moving averages and is currently trading above its Bollinger upper band. The Relative Strength Index (RSI) stands at 80, indicating a potentially overbought market. Additionally, open interest in ETH is significantly decreasing. Analysts suggest a short-term correction may lead to a pullback towards $2,353 as a possible scenario.

### Related Stocks

- [ETHE.US](https://longbridge.com/en/quote/ETHE.US.md)
- [FETH.US](https://longbridge.com/en/quote/FETH.US.md)
- [ETHA.US](https://longbridge.com/en/quote/ETHA.US.md)
- [ETHW.US](https://longbridge.com/en/quote/ETHW.US.md)
- [CETH.US](https://longbridge.com/en/quote/CETH.US.md)

## Related News & Research

- [Aligned Launches $ALIGN, the Native Token of Its Full Ethereum Stack](https://longbridge.com/en/news/296619468.md)
- [EX DeFi Announces AI-Driven Digital Asset Infrastructure Platform Supporting BTC, ETH and XRP](https://longbridge.com/en/news/296110726.md)
- [Metis to Hold AI Bootcamp Livestream on August 19th](https://longbridge.com/en/news/296136416.md)
- [SEC Opens Comment Period On Cboe 3x Bitcoin And Ethereum ETF Proposal](https://longbridge.com/en/news/296643740.md)
- [SharpLink CEO Warns Against New Ethereum Network Proposal EIP-8363](https://longbridge.com/en/news/295307613.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**