#eth The price of ETH/USDT is rising again, now at 2,536.50 USDT, alias up 3.11%. But, be careful, the RSI is already at 80.68, which means the market is already overbought, so there may be a correction in the near future.
From the Moving Average (MA) side, the price is now above the MA7, MA25, and MA99, which means the trend is still strong bullish. But the volume of selling is greater than buying, around 81.52% of traders choose to sell. This is a warning as well, because even though the price is still rising, many are starting to take profit.
On a weekly basis, the price has gone up 5.38%, but if you look at the past 90 days, it is still down 27.62%, so for those who want to enter, be careful, who knows the price will correct first.
In conclusion, the price is still speeding up, but don't gaspol immediately, because there is a correction signal. It's better to wait for confirmation first so you don't make a mistake.
