Ethereum is showing fireworks—up over 8%, sitting at $4,638, riding a tide of bullish momentum… but with a deep overbought RSI, the next move could be a rebound or a reset. Traders are split, and $ETH 👈 is the coin that everyone’s watching right now.
Here’s what’s driving the buzz:
Strong Uptrend: With price above EMA 7, EMA 25, and EMA 99, Ethereum is holding a powerful upward trajectory.
Overbought Signals: RSI around 86.9 and Stochastic RSI above 94 point to potential exhaustion.
Pullback Watch: Analysts highlight a zone around $4,300–$4,400 as a likely support area for a temporary retrace.
Context & Conversation: All this is playing out under the trending banner #DeFiGetsGraded, where investors are grading DeFi’s strength as ETH climbs.
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