ANALYST: APPROACHING $2,500 AT THE FARE PRICE, RSI ISSUED A WARNING

The Ethereum price was close to $2,300 on Thursday, three months after the derivative-driven break, and the RSI indicator sent a signal of overpurchase, implying a return risk. According to Crypto.News, the ETH price on 20 August was approximately $2285, an increase of 1.4 per cent in the day. This increase began on Wednesday, when ETH rebounded from below 1950 dollars, breaking several resistance positions, with a maximum increase of about 20 per cent. Until then, Ethelum had for the most part hovered between US$ 1850 and US$ 1950. The purchase of spot and derivatives changed the structure, and ETH quickly broke through $200, 2100 and $2,200. Although some of the holders of more than $2,300 were paid off, the buyer maintained the ETH at over $2250 to prevent a deeper return. This breakthrough coincided with the announcement by the United States Treasury Department of an increase in the scale of long-term bond buy-backs, which were raised from $2 billion to at least $4 billion to support the liquidity of old national debt. Market participants see this as support for financial liquidity and risky assets。