ETH Profits Surge as RSI Flatlines: What’s Next for Ethereum?

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<a href="https://pricpr.com/eth-usd/">ETH</a> Realized Profits Hit a 3-Week High as RSI Flatlines in The Dip

Key Takeaways

  • ETH at $2,257, below all three hourly SMAs, SMA200 at $2,311.
  • RSI at 45.52, signal at 45.31: spread of 0.21 points, momentum flat.
  • Network realized profits hit $74.58M: 3-week high during a 5.5% decline.
  • Binance CVD fell from $4.03B to $1.9B: more than 50% drop since May 6.
  • OI rising from $2.6B to $2.8B while CVD falls: leverage without buyers.

What the hourly chart shows about where momentum has gone

As of now, Ethereum is trading at $2,257. Looking at the 1-hour chart, the price is currently below its 50, 100, and 200-hour Simple Moving Averages (SMAs). These SMAs, at $2,274, $2,302, and $2,311 respectively, are creating a tight area of resistance and are all trending downwards.

The Relative Strength Index (RSI) currently sits at 45.52, with a very small difference of 0.21 points between it and its signal line. This indicates a balanced market with no clear upward or downward trend. It suggests that forces pushing the price up (accumulators and spot buyers) and down (short sellers) are currently equal, resulting in a standstill. The extremely small spread between the RSI and its signal line means the indicator isn’t pointing in any particular direction. This uncertainty suggests the market itself is undecided about its next move.

Why realized profits are rising while price falls

Despite a 5.5% price drop over three days, Ethereum holders realized $74.58 million in profits – the highest amount in three weeks, according to data from Santiment. This seems contradictory, but it’s explained by the fact that those selling Ethereum originally purchased it at a lower price.

Despite a 5.5% price drop, Ethereum saw a profit surge of $74.58 million, which isn’t surprising. This indicates that those selling Ethereum likely bought it when prices were lower – specifically, between February and March when it traded below $2,000. Even at the current price of $2,257, these holders are still making a profit on their investment. This sell-off isn’t driven by fear, but by people taking profits after a significant gain, as their original purchase price was much lower. During February and March, economic uncertainty and war concerns kept prices down, allowing these investors to accumulate Ethereum at a favorable cost.

According to Santiment’s analysis of recent market data, selling pressure is currently strong around $2,241. They advise a cautious approach, suggesting investors wait for evidence of significant losses before considering a purchase. It’s best to avoid making large investments until the current selling trend clearly slows down.

What Binance derivatives show about who is building positions

According to analysis by CryptoQuant’s Amr Taha, trading volume on Binance reached a high of around $4.03 billion on May 6th, but has since dropped by over 50% to approximately $1.9 billion in just eight days. At the same time, the amount of open interest on Binance – representing the value of outstanding derivatives contracts – has increased slightly, going from about $2.6 billion on May 11th to around $2.8 billion by May 14th.

If trading volume decreases by half while the number of open contracts increases, it suggests new leverage isn’t coming from enthusiastic buyers. Instead, traders are likely betting on prices continuing to fall, and as Amr Taha points out, this creates areas where many short positions could be quickly closed. If the price stops falling sooner than these traders expect, it could cause a sudden and significant price increase. The data shows more potential for liquidations from short sellers above the current price than from buyers below it, meaning even a small price rise could trigger a wave of selling, driving the price up much faster than normal buying activity would explain.

PelinayPA’s analysis of network flow data reveals a key indicator of potential selling pressure: repeated, significant increases in the amount of Ethereum being sent to Binance. This suggests that those holding Ethereum are actively moving it to the exchange to sell. Interestingly, despite this influx of supply, the price hasn’t fallen dramatically, indicating that buyers are stepping in to purchase some of it. Without this buying activity, the combination of people taking profits and those betting on a price decrease (short sellers) would likely have caused a more substantial price drop than the 5.5% decrease that was actually observed.

What the four signals describe together

All four sources are essentially describing the same market situation: a balance between selling and buying. Santiment points out who is selling and why, while Amr Taha highlights the risky, leveraged positions being taken. PelinayPA notes that regular buyers are partially offsetting the selling pressure. This balance is reflected in an RSI reading of 45.52 (with a small 0.21 spread), indicating that opposing forces are currently equal, and this equilibrium itself is the source of the risk.

If the price stays above $2,274 for an hour, the Relative Strength Index (RSI) rises above 50 and remains there, and network realized profit data shows increasing losses over several days, it would strongly suggest a price increase is likely. This is because increasing losses indicate that most sellers who were looking to make a profit have already sold, and those remaining are selling at a loss, which often happens before the price stabilizes and begins to rise.

If the price of Bitcoin consistently stays below $2,241 – a level analysts at Santiment see as a selling zone – while trading volume increases and cumulative volume delta (CVD) drops below $1.5 billion, it would suggest that sellers have more control than buyers. This would likely signal the start of a further price decrease, rather than a temporary pause before prices go up again.

This article is for informational purposes only and shouldn’t be considered financial, investment, or trading advice. Coindoo.com doesn’t recommend any particular investment or cryptocurrency. Before making any investment decisions, please do your own research and talk to a qualified financial advisor.

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2026-05-14 17:12