Ethereum price eyes $2,500 as RSI flashes warning

Ethereum price traded near $2,300 on Thursday after a derivatives-driven breakout pushed ETH above its three-month range, though overbought signals now raise the risk of a pullback. Summary Ethereum price jumped about 20% from below $1,950, reaching an intraday high near $2,300. Daily RSI rose above 83, placing ETH deep inside overbought territory. The $2,300–$2,500 region remains the next major resistance zone. CoinGlass data shows liquidation clusters near $2,300 and below $2,200. Ethereum price action today According to data from crypto.news, Ethereum (ETH) price traded at about $2,285 at press time on Aug. 20, up 1.4% on the daily candle after briefly reaching $2,298. The latest advance extended a breakout that began Wednesday, when ETH surged from below $1,950 and cleared several resistance levels in a matter of hours. At its highest point, the move represented a gain of roughly 20%. Before the rally, Ethereum had spent most of August between $1,850 and $1,950. Repeated attempts to break above the upper end of that range failed, allowing short positions to build around the psychological $2,000 level. A sudden increase in spot and derivatives buying changed that structure. ETH ...