Ethereum Surges Past $2,777 on Bitcoin's $86K Breakout

Ethereum's price surged to $2,777.34 on September 21, surpassing major moving averages as Bitcoin broke through $86,000.

The move pushed Ethereum into technically overbought territory across multiple timeframes, with daily and hourly RSI14 readings at 72.1 and 72.33 respectively.

On-chain data shows a surge in decentralized exchange activity, with Curve fees jumping 415.79% in 24 hours and 690.75% over seven days.

The Fear & Greed Index reads 70 (Greed), indicating high sentiment and potential for sharp pullbacks.