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By using RSI, we can determine whether or not Ethereum is entering the overbought zone. Unfortunately, for now, the indicator shows that Ether is on the verge of becoming overbought and potentially facing a reversal in the foreseeable future. Thus, if you are going long, make sure to avoid overleveraging existing positions.
In general, Brandt's bullishness on Ethereum around May 17 made some sense, considering ETH reaching the local support level of the 200 EMA, which acted as a springboard for it.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
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