$ETH Just Popped… But I’m Watching, Not Chasing

Ethereum’s recent pump to $2,600 made noise 🚀 — but I’m not jumping in just yet. The RSI is sitting at 86 ⚠️ — deep in overbought territory. MACD’s still green ✅, sure, but dig deeper: over 37K ETH net outflows in 24h, and whales are already trimming 🐳⬇️.

Even more telling? Margin traders are stacking longs fast — isolated borrow ratios at 3.65x 📈. When the crowd leans too far one way, it usually doesn’t end well.

This doesn’t feel like breakout energy — it feels like late momentum. I’d rather wait for a healthy retest near $2,450–$2,480 🔁 where risk meets reward.