Ethereum Technical Breakthrough Signals Short-Term Breakout but Overbought RSI Demands Caution Ahead of $3000 Target

ETH has just smashed through its descending trendline on the daily chart, ripping higher by 12% in the last 48 hours as short liquidations exploded past $48 million. This isn't random price action. The breakout structure with higher lows has traders eyeing a clean move to the $3000 resistance, but the daily RSI has already smashed through 75 while the 4H chart sits above 80. Overbought territory like this almost always marks the end of a short-term squeeze, and the failure to confirm volume at the $2400 level could send price tumbling back to the $2100 support in a brutal washout. Liquidity is drying up fast. Watch the spread.