š Is Ethereum (ETH) preparing for a massive rebound? A drop to the oversold bottom and a golden opportunity you shouldnāt miss to watch for!
$ETH
š” Quick Technical Analysis:
ā A fierce bearish rejection and legendary lower wick! After a downward correction wave from the peak of 2,807.34, the price dropped to sweep liquidity at todayās bottom of 2,600.15. Then buyers stepped in immediately with overwhelming strength, pushing the price up straight to 2,647.30 with long lower tailsāconfirming a fierce defense of the psychological level at $2,600!
ā Indicators are shouting āa chance to grab the bottomā! The Relative Strength Index (RSI) collapsed to 30.65 on the 4-hour timeframe! This confirms the coin has reached the clear oversold line (Oversold), meaning the sellersā ammunition has been completely exhausted, and the arena is now set for a rocket-like bullish rebound!
$ETH
ā Full absorption of liquidity from the whales! The current candle shows a rapid recovery back to support levels and the price is approaching a break of the immediate resistance line at 2,662.68āsuggesting that the consolidation phase is over and a phase of rapid recovery has begun!
$ETH
$ETH
š” Quick Technical Analysis:
ā A fierce bearish rejection and legendary lower wick! After a downward correction wave from the peak of 2,807.34, the price dropped to sweep liquidity at todayās bottom of 2,600.15. Then buyers stepped in immediately with overwhelming strength, pushing the price up straight to 2,647.30 with long lower tailsāconfirming a fierce defense of the psychological level at $2,600!
ā Indicators are shouting āa chance to grab the bottomā! The Relative Strength Index (RSI) collapsed to 30.65 on the 4-hour timeframe! This confirms the coin has reached the clear oversold line (Oversold), meaning the sellersā ammunition has been completely exhausted, and the arena is now set for a rocket-like bullish rebound!
$ETH
ā Full absorption of liquidity from the whales! The current candle shows a rapid recovery back to support levels and the price is approaching a break of the immediate resistance line at 2,662.68āsuggesting that the consolidation phase is over and a phase of rapid recovery has begun!
$ETH
