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Details: ht
ETH shows obvious signs of being oversold, the expiration of 52 billion options may trigger a new round of rise.
On September 26, analysts stated that the Ethereum RSI (Relative Strength Index) is at its lowest level since ETH hit a low of $1,384 in April. Since then, ETH has risen by 189%, and the future trend is difficult to predict, but such a low RSI indicates that ETH is extremely oversold. Additionally, over $5.2 billion in ETH options are expiring today, one of the largest quarterly expiration options in history, with ETH's maximum pain point around $3,800. After this delivery, ETH is expected to usher in a subsequent rise.