Crypto
Ethereum Price Falters Near $2,550 Amid Overbought Signals
Ethereum's price has been hovering around $2,500 after experiencing a significant 35% rise since mid-August.
The cryptocurrency is facing resistance near $2,550 due to an overbought daily RSI of 77.4.
An ascending triangle pattern suggests potential for a breakout above $2,533, which could push the price toward $2,600 and beyond.
However, higher US inflation data has raised expectations of a Fed rate hike, adding pressure on speculative assets like Ethereum.