$ETH 4-hour RSI just hit its lowest reading in 3.5 months.
Last time we saw RSI this oversold, $ETH was sitting at $1,550 — then ripped 80% higher.
Not saying history repeats exactly, but the structure rhymes. Oversold momentum readings like this often mark exhaustion bottoms, especially when the macro backdrop stays constructive and the larger wave count suggests we're still in a corrective phase, not a trend reversal.
Watch for a momentum divergence or a clean reclaim of short-term support. If this is just a shakeout before the next leg, we'll know soon. Stay disciplined, respect your stops, but don't ignore what the RSI is screaming.
Last time we saw RSI this oversold, $ETH was sitting at $1,550 — then ripped 80% higher.
Not saying history repeats exactly, but the structure rhymes. Oversold momentum readings like this often mark exhaustion bottoms, especially when the macro backdrop stays constructive and the larger wave count suggests we're still in a corrective phase, not a trend reversal.
Watch for a momentum divergence or a clean reclaim of short-term support. If this is just a shakeout before the next leg, we'll know soon. Stay disciplined, respect your stops, but don't ignore what the RSI is screaming.