Analysis: Ethereum is extremely oversold, with the RSI at its lowest level since April.

On September 26, analysts stated that the Ethereum RSI (Relative Strength Index) is at its lowest level since ETH hit a low of $1384 in April. Since then, ETH has risen by 189%, and the market direction 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, which is one of the largest quarterly expiring options in history, with ETH's maximum pain point around $3,800. After this delivery, ETH is expected to see a subsequent pump.

ETH3.27%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)