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Crypto

Ethereum Price Hits $2,405.51 as Market Rally Continues

Guavy AI Editorial Team
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ETH
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The Ethereum price surged to $2,405.51 on August 21, 2026, following President Trump's call for Congress to pass the Clarity Act on August 20, which triggered a broad market rally.

The daily chart shows a bullish structure with ETH trading above all major moving averages, but the Relative Strength Index (RSI) at 86.31 signals overbought conditions and potential vulnerability to a pullback.

However, momentum remains expanding as shown by the MACD histogram, which is constructive despite the RSI reading. This could indicate a blow-off move before it stalls.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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