Ethereum price now hits $2,405 as RSI spikes to 86, signaling overbought risk
The crypto market surged after President Trump urged Congress to pass the Clarity Act on August 20, 2026, pushing Ethereum price now to $2,405.51. The broader market cap climbed 5.66% to roughly $2.6 trillion, with sentiment firmly in Greed. Momentum and exhaustion sit side by side.
Key takeaways
- ETH trades at $2,405.51 on August 21, 2026, after a broad market rally triggered by regulatory headlines.
- Daily RSI has reached 86.31, an extreme overbought reading that historically precedes a pause or pullback.
- The 1H MACD histogram has turned negative, signaling intraday momentum is already fading despite the bullish structure.
- Bitcoin dominance remains elevated at 59.44%, while ETH holds an 11.05% share of total market cap.
- On-chain DEX activity shows mixed signals: Uniswap V4 fees surged 75.89% weekly, but Curve fees dropped 15.61% over the same period.
Daily Chart Shows Overbought Extremes for Ethereum
The daily chart confirms a bullish structure with price above all major moving averages, yet RSI at 86.31 signals the market is deeply overbought and vulnerable to a pullback. ETH’s close at $2,405.51 sits comfortably above the 20 EMA at $2,004.41, the 50 EMA at $1,922.45, and the 200 EMA at $2,158.74. That stacking is textbook bullish structure, leaving no ambiguity about the macro trend direction.
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