Ethereum Price Jumps Above $2,500 but Faces Overbought Conditions
The price of Ethereum rose during its latest intraday trading after reaching EMA50's support, gaining some bullish momentum that helped it to achieve gains and settle above the main psychological resistance at $2,500.
However, the relative strength indicators reached overbought levels compared to the price move, indicating a quick loss for this bullish momentum, which threatens this positive situation.