Ethereum experienced two instances of consecutive weekly overselling for over 35 days in 2022 (see the two circles on the left)
This time it has also reached the 5th weekly candle, and the time is approaching.
I am not saying that this is the "bottom", but rather - from here, a rebound is more likely to occur, and once a rebound happens, there may be a chance to form more structured trading opportunities.
I don't like the rhythm of "short when it drops, chase when it rises"; it's too easy to get slapped in the face and not good for making trades.
