Ethereum flashes ‘rare oversold signal’ for first time since $1.4K ETH
Ethereum price weakness over the past two weeks has resulted in the relative strength index flashing a potential bottom signal not seen since early April.
Key takeaways:
Ether’s “rare oversold” RSI, historically tied to major ETH price rallies, suggests a price reversal in the short-term.
ETH traders say price must stay above the $3,800-$3,900 range to avoid more losses.