Currently, ETH’s RSI (Relative Strength Index) is well below 30 (below 30 is generally considered oversold). Additionally, ETH’s current price is approximately 20–40% below the 200-day moving average, and the weekly moving average is also significantly lower—a scenario rarely seen in ETH’s history, indicating an overall state of extreme overselling. Whether this is the final bottom for ETH is unknown, but ETH below 2,000 is undoubtedly extremely cheap.
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