Ethereum Price Coils Near $2,465 as Daily RSI Hits Overbought

Ethereum's price is currently holding steady at around $2,465.59, just above its daily pivot of $2,458.09.

The daily RSI has reached 76.06, indicating a deeply overbought reading despite an intact trend structure.

Despite the overbought momentum, the broader market is still showing bullish signs, with the MACD histogram expanding and the hourly RSI leaning mildly bullish.

However, the compressed volatility on lower timeframes suggests that price may be coiled tightly around resistance levels, waiting to break out in either direction.