Ethereum is on the rise again — but is it time to celebrate?
Ethereum has regained a 10% share of the total crypto market and has risen 50% since the beginning of May. But indicators suggest that the market may be overheated — and investors should act with caution.
📉 What is happening with ETH?
🟡 Ethereum's dominance RSI has reached extreme levels — not seen since May 2021
🟡 ETH is trading above $2,500, but a bearish divergence is forming on the chart — a classic signal of a possible correction
🟡 A drop to $2,190–$2,330 (-10–15%) could occur if profit-taking begins
📊 Why does this matter?
ETH shows signs of overbought conditions on short timeframes, and historically, these RSI levels end in pullbacks. Capital flows may temporarily move to other altcoins.
💡 What do analysts say?
AlphaBTC: Three divergences indicate trend exhaustion
Michaël van de Poppe: “A drop is a buying opportunity,” with a target of $3,500 or more
📈 Ethereum may undergo a correction in the coming weeks — but many see this as a chance to enter at a more attractive price.
And you, what do you think?
👍 – Waiting for $3,500 this summer
❤️ – Ready to buy the dip
🔥 – Overheated, correction is inevitable
