#ETH Daily RSI rejected at around 88.
I would not suggest using RSI to identify when larger trends are over, but it can be good for sometimes guessing when the market needs to cool off

Daily RSI of #ETH is almost at 90.
RSI is typically not good for telling you when a larger trend is over as things can stay overbought or oversold for long periods of time.
But my guess is we see some consolidation before the run to new highs.

Benjamin Cowen

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Written by: Ugo Translated by: Luffy, Foresight News In February 2024, I entered the world of Meme coin trading with $80, only to lose it all. I've had this kind of disastrous experience twice.<br/...

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Source: Bankless
Author: David Christopher
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