ETH is so oversold even the sellers look tired đ
$ETH bounced to ~$1,826 after tagging $1,711 â its lowest since July. Daily RSI is ~21, deep oversold. Down 20% this week and 27% in 30 days, and it's trading below every major moving average.
Support: $1,693, then $1,598. Resistance: $1,901, then $1,978. A reclaim of $1,901 is the first sign the bounce is real â below $1,693, $1,500 comes into play.
$BTC ~$65,400, Fear & Greed stuck at 10. Oversold can stay oversold, but this is the most stretched ETH has looked all year.
Not financial advice. DYOR.
#Ethereum #Crypto #ETH
$ETH bounced to ~$1,826 after tagging $1,711 â its lowest since July. Daily RSI is ~21, deep oversold. Down 20% this week and 27% in 30 days, and it's trading below every major moving average.
Support: $1,693, then $1,598. Resistance: $1,901, then $1,978. A reclaim of $1,901 is the first sign the bounce is real â below $1,693, $1,500 comes into play.
$BTC ~$65,400, Fear & Greed stuck at 10. Oversold can stay oversold, but this is the most stretched ETH has looked all year.
Not financial advice. DYOR.
#Ethereum #Crypto #ETH