Ethereum's daily RSI approaches the oversold area!
From the market perspective, Ethereum's daily Relative Strength Index (RSI) has fallen below the 30 mark (a traditional oversold signal), while also triggering the TD sequential red 9 count (historically often indicating trend exhaustion and reversal). This technical combination suggests that ETH may enter a potential accumulation zone.
Currently, Ethereum's price is quoted at 2252. Such technical patterns have historically led to multi-week rebound trends, indicating a significant probability of short-term price recovery.
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