According to Foresight News, data from Glassnode reveals that since the end of March, the Relative Strength Index (RSI) for convinced Ethereum buyers has remained at 80.

This suggests that there is a lot of enthusiasm for buying, perhaps too much, which could mean that the market is overbought (i.e., prices may be too high and ready for a correction).

Meanwhile, the RSI for sellers incurring losses peaked on April 16 and is currently declining, with the RSI now below 50.

Foresight News notes that the RSI is a technical indicator used to assess whether a market is overbought or oversold, oscillating between 0 and 100. Typically, an RSI above 70 suggests an overbought condition, while an RSI below 30 indicates an oversold market. Watch out for that!! #eth