glassnode: Since the end of March, the RSI of ETH belief buyers has remained at 80

ChainCatcher news, according to glassnode monitoring, since the end of March, the relative strength index (RSI) of ETH conviction buyers has remained at 80. At the same time, the RSI of loss sellers peaked on April 16 and is currently cooling down (RSI < 50).

Note that RSI (Relative Strength Index) is a technical indicator used to measure market overbought or oversold conditions, ranging from 0 to 100. Generally, RSI > 70 indicates overbought, while RSI < 30 indicates oversold.