Ethereum has dropped 65% since December, hitting its bottom in April —
that’s 5 full months in a bear market with a massive drawdown, especially for the second-largest crypto by market cap.
Today, it made a strong bounce, rallying over 50% from the grey support zone,
confirming that the bottom was likely in.
Looking at the RSI, Ethereum has entered the oversold zone only 3 times in the last 5 years —
which is another strong indication that a bottom has been reached.
So what can we expect from ETH in the coming days?
- Ethereum is still close to the bottom, and RSI conditions remain healthy.
- Historically, the current RSI level has only occurred three times in five years.
Based on this:
- This bounce is likely just the beginning of a much bigger move. ETH still has a lot of upside potential.
- The next key resistance is around $2,500, which lines up with both the 200 EMA and the 0.618 Fibonacci level — keep an eye on that.
- Long-term, Ethereum is on track for a new all-time high (ATH).
that’s 5 full months in a bear market with a massive drawdown, especially for the second-largest crypto by market cap.
Today, it made a strong bounce, rallying over 50% from the grey support zone,
confirming that the bottom was likely in.
Looking at the RSI, Ethereum has entered the oversold zone only 3 times in the last 5 years —
which is another strong indication that a bottom has been reached.
So what can we expect from ETH in the coming days?
- Ethereum is still close to the bottom, and RSI conditions remain healthy.
- Historically, the current RSI level has only occurred three times in five years.
Based on this:
- This bounce is likely just the beginning of a much bigger move. ETH still has a lot of upside potential.
- The next key resistance is around $2,500, which lines up with both the 200 EMA and the 0.618 Fibonacci level — keep an eye on that.
- Long-term, Ethereum is on track for a new all-time high (ATH).
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
🔻 free crypto signals🔻
t.me/itradeoncrypto
🎯 paid signals!🎯
t.me/Cecilion1
t.me/itradeoncrypto
🎯 paid signals!🎯
t.me/Cecilion1
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.