$ETH 4 hours RSI(14) is 24.4, entering oversold territory, with the current price at 2559.99.
Oversold means prices have fallen sharply in the short term; it doesn’t mean a bottom is imminent. In a weak market, RSI can remain below 30 for a long time. A bullish divergence is more worth watching: the price makes a new low, but RSI does not.
Don’t make decisions based on just one indicator; trading volume and market structure matter too.
#币安推出BinanceIntelligence #ETH
This article is for reference only and is not investment advice.
Oversold means prices have fallen sharply in the short term; it doesn’t mean a bottom is imminent. In a weak market, RSI can remain below 30 for a long time. A bullish divergence is more worth watching: the price makes a new low, but RSI does not.
Don’t make decisions based on just one indicator; trading volume and market structure matter too.
#币安推出BinanceIntelligence #ETH
This article is for reference only and is not investment advice.