Crypto Queen 👑
07/18 14:47
The RSI index has further identified that Ethereum is in an overbought condition. The 14 day RSI indicates 85.53, which is more than the regular value of 70. Although this is a sign of strong demand, it also indicates that large-scale correction can take place in the short term.
The current price movement demonstrates that Ethereum is in an evident bullish pattern, with stable higher highs and higher lows observed during July. The candlesticks are huge and long with very little indication of the selling pressure. Buyer buying power is dominant, and progress gained ground after every valid closing above important resistance areas.
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