Ethereum Price Hits $2,468 as Overbought Conditions Signal Potential Correction

Ethereum's price has reached $2,468.47 as of August 24, 2026, marking a significant increase in recent sessions.

The Ethereum price is currently trading between its daily pivot at $2,455.76 and the first resistance band at $2,486.80.

The daily RSI (Relative Strength Index) stands at 79.2, indicating that Ethereum is overbought and potentially due for a correction or pause in the near future.

However, on-chain data shows strong weekly build-up in Ethereum activity that cooled sharply in the most recent session, mirroring the push-and-pause dynamic visible in price action.