Ethereum’s relative strength index is 23.4—deeply oversold—yet its price is still below every moving average. $1,900 is today’s test.
Ethereum (ETH) is trading at around $1,908 (Binance spot, Nov. 14, 06:26 UTC), down 1.31% over 24 hours. It opened at $1,933.37, with an intraday high of $1,989.11 and a low of $1,878. The $2,000 mark was lost less than two days ago; yesterday’s low was $1,895.95, and today ETH dipped to $1,878. Its relative strength index on the 14th was 23.4 (calculated from Binance daily data), deep in oversold territory, but the price remains below all three moving averages: the 20-day at $2,198.18, the 50-day at $2,400.40, and the 200-day at $2,146.88. Oversold conditions have yet to bring a rebound, and all the moving averages are overhead. ETH is down 7.81% over five trading days, 19.01% over one month, and 34.71% year to date. First support is today’s low of $1,878, followed by yesterday’s low of $1,895.95; below that, watch $1,820 and $1,800. To talk about a potential bottom, ETH first needs to reclaim today’s opening price of $1,933.37, then $1,989.11 and $2,000. Until it closes the day back above $2,000, treat any rebound as a recovery bounce.
The flows picture is mixed: U.S. spot Ethereum ETFs recorded net outflows for six consecutive trading days, including another $70.57 million outflow on Nov. 12, bringing total November outflows to about $766 million. On Nov. 13, they finally posted a $2.36 million net inflow—the first inflow in six days. Fidelity’s FETH led with $11.64 million, but that was only a fraction of the recent outflows. On the same day, on-chain data showed a wallet linked to the Ethereum Foundation selling another 2,000 ETH, worth about $3.87 million. It was the fourth sale since Oct. 26, bringing total sales to 6,785 ETH. Ethereum liquidations over 24 hours totaled about $259 million. Institutional money has only just stopped retreating, while the Foundation is still selling—neither bulls nor bears have seen the other side throw in the towel.
Pepe (PEPE) is the hardest-hit major meme coin today: it is trading at around $0.00000426 (Binance spot, Nov. 14, 06:26 UTC), down 7.99% over 24 hours. It opened at $0.00000463, with an intraday high of $0.00000463 and a low of $0.00000415. The Nov. 12 low of $0.00000429 has been breached, and 24-hour trading volume is about $45.8 million. Its relative strength index on the 14th was 42.5, not yet in oversold territory. The price is below the 20-day moving average at $0.00000479, with the 50-day moving average at $0.00000446 overhead. First support is today’s low of $0.00000415; below that, watch the $0.000004 mark. To talk about a potential bottom, PEPE first needs to reclaim $0.00000446 and $0.00000463.
Shiba Inu (SHIB) is hovering near a 30-day low: it is trading at around $0.00000420 (Binance spot, Nov. 14, 06:26 UTC), down 1.41% over 24 hours. It opened at $0.00000426, with an intraday high of $0.00000436 and a low of $0.00000412—the lowest level in the past 30 days. Its relative strength index on the 14th was 30.2, close to the oversold threshold. The 20-day, 50-day, and 200-day moving averages are all above $0.00000458, leaving the price about 8%–17% below them. 24-hour trading volume is only about $2.23 million, with no meaningful pickup in volume. First support is $0.00000412; below that, watch the $0.000004 mark. To talk about a potential bottom, SHIB first needs to reclaim today’s opening price of $0.00000426, followed by $0.00000436 and $0.00000458.
Broader market backdrop: Bitcoin is trading at around $67,349, down 2.06% over 24 hours. Today’s low of $66,456 set a new low below the overnight low of $67,568. Its relative strength index on the 14th was 23.2.
Here’s the direct take: an RSI of 23.4 is not a bottom; it’s evidence that selling hasn’t stopped. Every extra day Ethereum spends below $2,000 makes the $1,900 test more consequential. Six straight days of ETF outflows were interrupted by a modest $2.36 million inflow, while the Foundation sold ETH on the same day— institutional money hasn’t truly turned back yet. PEPE has broken below its prior low, and SHIB is hovering near a 30-day low; meme coins are weakening first, too. Don’t buy the dip just because “it’s fallen a lot”; trade the levels. Until Ethereum reclaims $2,000, PEPE reclaims $0.00000463, and SHIB holds $0.00000412, treat any rebound as a recovery bounce.
Keep these levels in mind: Ethereum support at $1,878 and $1,895.95, resistance at $1,933.37 and $2,000; PEPE support at $0.00000415 and $0.000004, resistance at $0.00000446 and $0.00000463; SHIB support at $0.00000412 and $0.000004, resistance at $0.00000426 and $0.00000458.
Click $ETH $PEPE $SHIB to view the market. Ethereum’s relative strength index is deeply oversold at 23.4, but the price remains below every moving average, with $1,900 under pressure. Do you think this is the final flush before an oversold bottom, or will the real bottom only come after a break below $1,900?
Ethereum (ETH) is trading at around $1,908 (Binance spot, Nov. 14, 06:26 UTC), down 1.31% over 24 hours. It opened at $1,933.37, with an intraday high of $1,989.11 and a low of $1,878. The $2,000 mark was lost less than two days ago; yesterday’s low was $1,895.95, and today ETH dipped to $1,878. Its relative strength index on the 14th was 23.4 (calculated from Binance daily data), deep in oversold territory, but the price remains below all three moving averages: the 20-day at $2,198.18, the 50-day at $2,400.40, and the 200-day at $2,146.88. Oversold conditions have yet to bring a rebound, and all the moving averages are overhead. ETH is down 7.81% over five trading days, 19.01% over one month, and 34.71% year to date. First support is today’s low of $1,878, followed by yesterday’s low of $1,895.95; below that, watch $1,820 and $1,800. To talk about a potential bottom, ETH first needs to reclaim today’s opening price of $1,933.37, then $1,989.11 and $2,000. Until it closes the day back above $2,000, treat any rebound as a recovery bounce.
The flows picture is mixed: U.S. spot Ethereum ETFs recorded net outflows for six consecutive trading days, including another $70.57 million outflow on Nov. 12, bringing total November outflows to about $766 million. On Nov. 13, they finally posted a $2.36 million net inflow—the first inflow in six days. Fidelity’s FETH led with $11.64 million, but that was only a fraction of the recent outflows. On the same day, on-chain data showed a wallet linked to the Ethereum Foundation selling another 2,000 ETH, worth about $3.87 million. It was the fourth sale since Oct. 26, bringing total sales to 6,785 ETH. Ethereum liquidations over 24 hours totaled about $259 million. Institutional money has only just stopped retreating, while the Foundation is still selling—neither bulls nor bears have seen the other side throw in the towel.
Pepe (PEPE) is the hardest-hit major meme coin today: it is trading at around $0.00000426 (Binance spot, Nov. 14, 06:26 UTC), down 7.99% over 24 hours. It opened at $0.00000463, with an intraday high of $0.00000463 and a low of $0.00000415. The Nov. 12 low of $0.00000429 has been breached, and 24-hour trading volume is about $45.8 million. Its relative strength index on the 14th was 42.5, not yet in oversold territory. The price is below the 20-day moving average at $0.00000479, with the 50-day moving average at $0.00000446 overhead. First support is today’s low of $0.00000415; below that, watch the $0.000004 mark. To talk about a potential bottom, PEPE first needs to reclaim $0.00000446 and $0.00000463.
Shiba Inu (SHIB) is hovering near a 30-day low: it is trading at around $0.00000420 (Binance spot, Nov. 14, 06:26 UTC), down 1.41% over 24 hours. It opened at $0.00000426, with an intraday high of $0.00000436 and a low of $0.00000412—the lowest level in the past 30 days. Its relative strength index on the 14th was 30.2, close to the oversold threshold. The 20-day, 50-day, and 200-day moving averages are all above $0.00000458, leaving the price about 8%–17% below them. 24-hour trading volume is only about $2.23 million, with no meaningful pickup in volume. First support is $0.00000412; below that, watch the $0.000004 mark. To talk about a potential bottom, SHIB first needs to reclaim today’s opening price of $0.00000426, followed by $0.00000436 and $0.00000458.
Broader market backdrop: Bitcoin is trading at around $67,349, down 2.06% over 24 hours. Today’s low of $66,456 set a new low below the overnight low of $67,568. Its relative strength index on the 14th was 23.2.
Here’s the direct take: an RSI of 23.4 is not a bottom; it’s evidence that selling hasn’t stopped. Every extra day Ethereum spends below $2,000 makes the $1,900 test more consequential. Six straight days of ETF outflows were interrupted by a modest $2.36 million inflow, while the Foundation sold ETH on the same day— institutional money hasn’t truly turned back yet. PEPE has broken below its prior low, and SHIB is hovering near a 30-day low; meme coins are weakening first, too. Don’t buy the dip just because “it’s fallen a lot”; trade the levels. Until Ethereum reclaims $2,000, PEPE reclaims $0.00000463, and SHIB holds $0.00000412, treat any rebound as a recovery bounce.
Keep these levels in mind: Ethereum support at $1,878 and $1,895.95, resistance at $1,933.37 and $2,000; PEPE support at $0.00000415 and $0.000004, resistance at $0.00000446 and $0.00000463; SHIB support at $0.00000412 and $0.000004, resistance at $0.00000426 and $0.00000458.
Click $ETH $PEPE $SHIB to view the market. Ethereum’s relative strength index is deeply oversold at 23.4, but the price remains below every moving average, with $1,900 under pressure. Do you think this is the final flush before an oversold bottom, or will the real bottom only come after a break below $1,900?