$ETH Weekly Chart Analysis

$ETH has dropped 60% from its peak of $4107.80.

🔸 MA7 vs. 200MA: Bearish crossover nearing – a strong pullback is needed to avoid a deeper downtrend.

🔸 MACD: Approaching oversold territory.

🔸 Stoch RSI: Firmly in the oversold zone.

🔸 RSI: Near 30, signaling potential oversold conditions.

All indicators suggest $ETH is entering oversold territory—#MarketRebound could be on the horizon!