Ethereum price breakout risks pullback with RSI at 86

Ethereum price climbed 3% to about $2,397 on Aug. 21 after reaching an intraday high near $2,448, extending a breakout driven by ETF inflows, short liquidations and stronger risk appetite. Summary Ethereum price reached $2,448 after gaining more than 20% over the past week. US spot Ether ETFs attracted $189 million on Aug. 19, their largest inflow since October. The daily RSI reached 86, placing ETH deep inside overbought territory. A weekly close above $2,450 could expose the $2,500 and $3,000 levels. Ethereum price action today According to data from crypto.news, Ethereum (ETH) price opened at $2,327 on Aug. 21 before climbing to $2,448 and settling near $2,397 at the time of writing. The 3% daily increase followed a much larger move that carried ETH from below $2,000 to more than $2,300 within two sessions. The rally pushed Ethereum through several levels that had limited gains since April, including the $2,000 psychological barrier and the $2,250 resistance area. ETH also cleared the $2,375 Murrey Math level on the 4-hour chart, although the price was struggling to hold above it after its rejection near $2,450. Ethereum price 4-hour chart — Aug. 21 | Source: crypto.news Momentu...