Ethereum Price Holds Cautious Gains Amid Overbought Indicators
Ethereum (ETHUSD) is experiencing cautious gains in its latest intraday trading, buoyed by support at $2,400.
This pivotal support has provided positive momentum for Ethereum's price recovery from previous losses.
However, the relative strength indicators have entered extremely overbought territory compared to the price action, signaling a potential bearish divergence that could increase negative pressure on the price.