Bloomberg: Technical indicators show Ethereum is at the most overbought level since May 2019

According to a Bloomberg report, according to the GTI Global Strength Indicator, an indicator that measures the continuous closing price change, Ethereum is at the most overbought level since May 2019. In addition, the increase in Ethereum this year has also pushed the Bloomberg Galaxy Crypto index into the overbought range. The index tracks some of the larger digital assets, with Ethereum accounting for nearly 30% of the index.