$ETH ETH has become extremely oversold after dropping to 2200! Is it time to seize the rebound?

After a major market decline, opportunities are created by the drop! ETH's current technical indicators have entered the extreme oversold zone, which may mean opportunity for very short-term traders.

⚡ Key Signal Analysis:

Oversold condition: The J values of the 5-minute and 15-minute KDJ indicators have both fallen into the low teens negative, a typical sign of extreme overselling, which often triggers a technical rebound.

Key Resistance: The first strong resistance for a short-term rebound is in the $2250 to $2280 range. If it cannot break through with volume, the bears still control the situation.
My trading approach (not advice!):

Conservative: Patiently wait for the price to form a bottoming pattern on its own. For example, on the 5-minute chart, if the price can stay above $2230 and retest without breaking down, then consider following, targeting $2270-$2300.

Risk Warning: Remember, after extreme overselling, it can become even more oversold! Never use heavy positions when bottom-fishing, and set stop-losses (e.g., below $2150).

Are you choosing to seize the rebound or continue to watch? Like, follow, and share your strategy in the comments!