A noteworthy phenomenon has appeared on the Ethereum 1-hour chart—the RSI indicator has skyrocketed to 87.4, reaching a recent high, but the daily chart still maintains a clear downtrend. This minute-level overheating contrasts sharply with the coolness at the daily level.

Looking back at the data from the past three months, such an extreme divergence has only occurred once, and the result was a price fall of over 10% within the subsequent 24 hours. Currently, the ETH price is pressed within the range of ¥2944 to ¥3078, and the balance of power between the bulls and bears will soon yield an answer here.

From a technical perspective, the 1-hour RSI reaching 87.4 indicates that the buying power has been highly consumed in the short term, and it is in a state of extreme exhaustion. However, at the same time, the downtrend presented in the daily chart has not changed, which means that large-scale rebounds are often seen by the market as an opportunity to offload. What does this contradiction really signify? Is it the last harvesting trap for bears before a rebound, or a desperate sprint by bulls to reverse the trend? The answer will gradually emerge in the next few candlesticks.

From a trading perspective, the core idea of the strategy is to follow the trend of the daily chart fall while looking for opportunities at the upper edge of short-term overbought rebounds. When the short-term overheated buying begins to wane, that is the best time to target the rebound.