In the weekly chart of ETH/USDC, we see an interesting technical situation:

📉 The price is testing a key support level of ~1597 USDC.

This level has already served as a strong bottom several times (historically in 2021 and 2022). Now we see a reaction right here again — increasing volume and potential rebound.

📊 RSI is in the oversold zone (below 40).

This signals a possible local reversal. RSI at this level has often preceded phases of growth — history confirms: after reaching an RSI of approximately 39-40, ETH has demonstrated rallies.

🟩 Key support/resistance zones:

Support: 1597, 1542, 1042 (macro-local bottom)

Resistance: 2105, 2820, 4094 — the price has stalled here during previous bullish phases.

💡 Conclusion:

The $1500–1600 zone looks like a strong macro support. Given the technicals + oversold RSI, this could be one of the best zones for DCA or entry with partial capital.

History may not repeat exactly, but it rhymes.

$ETH — is not just the top-2 cryptocurrency, but also the foundation of Web3 (DeFi, NFT, staking). Its roles will not be replaced by $TON , $SOL , or other L1s just like that. And in this lies the strength — fundamentals + technicals = a powerful case.

#ETH🔥🔥🔥🔥🔥🔥 #CryptoAnalysis" #BuyTheDip