Is it a blood profit or a big loss? The deadly signal $ETH is flashing, should we run or charge now?

I see ETH at around $3186 now, it hasn't moved much today, just a slight decline. Overall, it's still stuck at a high position, but there hasn't been much big market activity today, just a bit of stagnation.

In terms of technical analysis, simply put: the short-term trend is still upward, the price is above the short-term moving average, indicating that the bulls are still holding strong. However, there is an indicator, RSI, that's approaching 80, which is clearly overheated. I think it may need to take a break and pull back in the short term. The resistance above is around 3285, and the support below is first looking at around 3150.

Additionally, although the momentum indicator is still positive, with such serious overbought conditions, I am really worried it can't hold up. If it turns around, the drop could be quite fast.

On the news front, you need to keep a close eye—this crypto space can be swayed by any policies, big players' actions, or project news in an instant. The technical aspect looks okay, but if suddenly bad news comes out, it wouldn't be surprising to see the price drop; conversely, good news could lead to a surge. So, I always feel that we can't just look at the charts; market sentiment and news are more important than anything else.

Looking ahead, I think ETH might try to reach up to 3285 in the next few days, but with RSI this high, it's likely it won't be able to push through and will pull back, possibly dropping back to 3150 for support. In the medium term, as long as it doesn't drop below the 3000 mark, the upward trend may continue. But the news front is a big variable, and I guess the trend will be quite tumultuous, so we need to be prepared for both sides.

My personal view: ETH is doing okay for now, but I really don't dare to chase the high right now—RSI is so high, I'm worried about catching the top. It’s safer to wait for it to pull back to around 3150 before considering buying. In short, I see it oscillating upwards in the short term, but I am pretty anxious, as it could change at any moment. In terms of operations, definitely set a stop-loss (for example, below 3140), don’t be greedy, and preserving capital is the most important. To put it simply: there may still be room for growth, but we can't rush it; we need to wait for a pullback; as soon as there’s any news movement, we must hurry to run or follow, don’t hesitate.

You issue coins, and I'll analyze for you in the chat room, which coin is the next to surge?