Ethereum's Price Hits $2,501, But Technical Indicators Suggest Momentum May Stall

Ethereum has been on a strong rise, trading near $2,501 after a 35% increase since mid-August.

However, technical indicators suggest that short-term momentum may stall, with the Relative Strength Index (RSI) at 76 and the Stochastic above 90.

The MACD histogram is at zero, indicating balanced buying and selling pressure, but a pullback to the $2,426-$2,463 support zone within 5-10 days is expected.

If Ethereum clears resistance near $2,552-$2,604, it could open the way for a potential breakout to $2,731.