Crypto
Ethereum Price Fails to Clear Daily EMA200 as Short-Term Signals Overbuy
The Ethereum price is currently trading at $2,011, sitting above both the daily EMA20 and EMA50. However, it still has a long way to go before reaching the daily EMA200 at $2,140.80, which remains a significant barrier.
Despite this, the shorter timeframes are showing bullish signals, with the hourly RSI reading 86.57 and the 15-minute RSI reading 90.45. Both of these readings indicate overbought territory, suggesting that Ethereum may be due for a pullback soon.
The DeFi fees have been rising, with Uniswap V4 fees up 94.92% over 30 days, indicating genuine on-chain usage behind the rally in ETH.