The Relative Strength Index (RSI) for Ethereum is a key momentum indicator used to assess whether an asset is overbought or oversold. An RSI above 70 suggests that Ethereum may be in an overbought condition, potentially indicating a price correction. If the RSI is consistently above 70, it points to strong buying pressure, but could signal an upcoming pullback as well. Currently, if Ethereum's RSI is in the overbought zone, it is crucial to monitor the market for signs of weakening momentum or a potential price dip.
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