24-4-2025 – Fresh market data has unveiled a compelling narrative in Ethereum’s trading patterns, with steadfast buyers maintaining their resolute stance in the digital asset market.
Analytics firm Glassnode’s latest findings paint an intriguing picture of market sentiment, where conviction buyers have demonstrated remarkable staying power. Their Relative Strength Index (RSI) has held steady at the 80 mark since late March, signalling robust buying momentum in the Ethereum market.
In a noteworthy shift, the landscape for loss-making sellers has undergone a significant transformation. After reaching its zenith on 16 April, the sellers’ RSI has witnessed a marked cooling period, dipping below the midpoint threshold of 50.
For market observers, the RSI serves as a crucial barometer of market dynamics, operating on a scale of 0 to 100. This technical tool helps traders gauge market conditions, with readings surpassing 70 traditionally interpreted as overbought territory, whilst figures beneath 30 typically suggest oversold conditions.
