Main takeout:
Ether Lee’s market dominance has reached the level of hypernatural RSI that has not been seen since May 2021, and has historically followed the main fullback.
ETH/USD shows a weakness in the 4-hour chart and suggests a potential 10-15%price modification.
Despite the short -term danger, some analysts see the fullback as a “purchase” setting before moving from 3,500 to $ 3,800.
Ether (ETH) surged more than 50% in May, which was much better than 15.25% of the larger password market. The rally has been for the first time since March, and has promoted Ether Lee’s market domination (ETH.D) for an important 10% critical price.
But the rising dominance indicates that the Etherrium Bull should not celebrate the rally, with the signs of overheating.
Ether’s RSI has been excessively expanded since May 2021.
Due to the strong recovery of Ether Lee’s crypto market share, the Daily Relative robbery index (RSI) has been pushed into the most excessive zone since May 2021, and it has been enhanced by merchants who bet on the short -term rising.
Historically, the extreme RSI level of ETH.D showed the beginning of the main fullback. One notable case occurred when in early July 2024, when ethical dominance was similar to similar RSI levels.
In the next 315 days, ETH.D fell more than 17.5%. Currently, RSI spikes imitate similar settings back to 80 or more, suggesting that Ethereum may be the best in the market share.
In addition to the weak outlook, ETH.D is lower than the 200 -day index moving average (200 -day EMA). This resistance level repeatedly prevented Ether Lee’s dominance during his previous attempt.
Previously, the over -purchase billiards first pushed Ether Leeum’s market share to EMA (Red Wave) on the 50th.
Therefore, ETH.D Metric is about 8.24%by June, which reduces the risk of EMA support for 50 days, suggesting potential capital rotation from Etherum Market to other coins in the next few weeks.
Bear Rish is a 15% ETH price drop signal.
In the four -hour ETH/USD chart, there is a classic weakness that continues to print the price of Etherrium, but the exercise indicators are lower.
Crypto Trader Alphabtc pointed out that ETH often shows the “three clear drives” set before the trend. He suggested that the major Fibonacci levels matched with potential support, so the fullback could be imminent.
ETH comes to mind near Fibonacci extension, with ETH $ 2,740, and profits can strengthen their pressure, and have opened a short -term correction for the low FIB level at $ 2,330 or $ 2,190, down 10% -15% from the current price.
Independent market analyst Michaël Van de Poppe pointed out that the decrease in ETH in the next few weeks can play a “deep opportunity”, and cryptocurrency will eventually rise more than $ 3,500.
relevant: Here is the Roaring Return of Altcoins and the falling USDT Stablecoin dominant ‘Altseason’.
The veteran merchant Peter Brandt predicted an additional $ 3,800 “moonshot” rally.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.