$PYTH
Cooling DownSnapshot Window: 2026-07-16 08:50 UTC · ← Back to Crypto Overview
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Ethereum dominance can shift the setup quickly. Here is why an exit warning matters before August expectations take over. Market analysis/opinion only, not financial advice. [Spoken audio]: We already have our exit warning here for Ethereum because Ethereum dominance is pumping So we want to be very careful not to get super duper greedy Nor should you be itching to get a short position in right now We will see a short position develop once the price goes up to $2,000 We'll probably get a couple of whips up there But we want to be watching out for as bearish divergence On RSI and we just have to wait for that to reveal itself totally. Yes We close, that TBO closed short over here on Monday this week, had a really nice bounce on Tuesday Wednesday. It's just kind of doing nothing. It's okay though. Again, we already had a bearish RSI reset on Monday, July, actually Tuesday, July 7th after going overbought on Monday, July 6th at 70.76. I still think we're going to get one more push up to be overbought, but the main thing is what will happen when we test or rather lose this support level that will start the breakdown, that will start the reversal that leads down here to oversold values, which should basically be where we head to in August.
