The 4H RSI for $ETH registers 35.84. At $1,578, price action is currently pushing towards the lower threshold of neutral territory, nearing the Bollinger Lower Band at $1,547. Immediate support is at $1,553. MACD histogram confirms bearish momentum at -7.37 📉. With Fear & Greed at 12, market sentiment is extremely fearful. Watch $1,533; a break could signal further downside. Shorts are currently paying -0.0081% funding
With $BTC 's 4H RSI hitting 31.37, we're seeing profoundly oversold conditions. The current price stands at $59,306. Immediate support is found at $59,103. Historically, such low RSI readings have often preceded significant bounce opportunities, marking potential local bottoms. This confluence of indicators suggests a critical juncture. Traders are watching for confirmation at these levels. 👀