ETH price could hit $2,474 before correcting due to overbought signals. Currently trading at $2,374 after 5% surge.
The price of ETH has risen by 5% in a day to reach $2,374. However, indicators such as RSI are showing a value above 85, and MACD momentum has come to a standstill. This suggests a high risk of a rapid correction towards the support range of $2,194 to $2,284.