🔴 $ETH /USDT: RSI Alerting Potential Short Signal After Strong Pump! 🚨
$ETH is at $4,475.12, up by a strong 6.01%! On the 15-minute chart, the price has seen a powerful rally, but the RSI is now at 76.35, deep in the overbought zone, which can indicate a potential short-term pullback.
Key Observation:
⚠️ RSI is overbought, suggesting a potential short-term reversal or correction.
Potential Bearish Scenario (if signal confirms):
⬇️ A correction could see price pull back to test support levels.
Potential Support Levels:
🛡️ $4,435 (MA(7))
🛡️ $4,362 (MA(25))
🛡️ $4,300 (MA(99))
URGENT CAUTION: While the RSI signals a potential reversal, the overall trend is extremely bullish. Monitor price action closely for confirmation of a breakdown before taking any action. The trend is your friend until it's not.