Ethereum’s RSI: Market Trends Since March Unveiled

Recent insights from Glassnode data, as reported by Foresight News, shed light on Ethereum’s market trends since the end of March. The Relative Strength Index (RSI) for Ethereum’s conviction buyers has consistently remained at a strong 80. However, sellers experiencing losses saw a peak on April 16th and have been trending downward, with the RSI now below 50. The RSI, which measures market sentiment and ranges from 0 to 100, indicates an overbought state when above 70 and an oversold condition when below 30.