Ethereum ($ETH ) has surged 6.76% in the past 24 hours, with prices fluctuating between $2601.99 and $2798.
The current RSI at 70.76 indicates overbought conditions, suggesting a potential correction may be imminent.
Market sentiment remains undefined, leaving traders uncertain about future price movements.
ETH is testing crucial resistance at $2798; a breakout could propel prices higher, while rejection near this level might trigger a pullback towards support at $2604.37.
Any major developments in regulatory news or network upgrades could significantly influence ETH's trajectory in the coming days.
