$ETH The RSI overbought level indicates a possible short-term correction or consolidation. If the price falls below $2,550, bears will try to strengthen their position by pushing the ETH/USDT pair below $2,400. If they succeed, the pair could extend the pullback to the 20-day EMA ($2,147).

On the contrary, a bounce from $2,550 indicates that bulls are buying on every small dip. This increases the likelihood of a rally towards $3,000.