Ethereum's market shows signs of overheating near $2,500, potentially leading to a short-term pullback before attempting higher resistance levels.
ETH is displaying an overheated rally with a notable surge in trading volume, shifting from Cooling to Overheating levels in just a month.
Analysts suggest a short-term correction due to profit-taking and resting supply at $2,500 resistance level, with uncertainty about the depth and duration of any potential pullback.
Speculations from analysts vary, with some indicating a move towards $4,000 following a Golden Cross signal, while others warn of a retracement to $2,350 based on bearish signals.