Trader: Ethereum Can Hit $440 But Indicator Warns Altcoin ‘Overbought’

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Ether is currently more overbought than at any time since May 2019, according to one indicator

Ether GSI index and 1-year price chart. Source: Bloomberg

Altcoin investors reap gains

Ether is just one of the major altcoins which have seen major appreciation in recent weeks. As Cointelegraph reported, Tezos (XTZ) forms the standout for investors this month, while Neo (NEO), Cardano (ADA) and XRP have also performed strongly.


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