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.