Driven by CPI data cooling more than expected and the resulting inflation-friendly outlook, sentiment has pushed ETH’s short-term performance strongly higher. Under the CPI positive news, ETH has surged to around 1,890. It is currently consolidating in a high range: although the bulls still hold an advantage, they are facing a key resistance. The four-period RSI has spiked to 77–81, placing it in the overbought zone. While the technical picture still leans toward continued upside, after the short-term surge there is a need for a pullback and corrective stabilization. Chasing higher should be done with caution. The overbought signals also suggest that a direct breakout above 1,900 may be difficult. In the short term, pay attention to whether this level fails to break effectively; if it doesn’t, watch for attempts to approach the lower area around 1,800–1,830.

ETH2.99%
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