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Analysis: ETH is severely oversold, and the $1070-$1370 range may be a heavy buying point.

MeNews
ME News: On June 26 (UTC+8), crypto KOL nobrainflip posted on the X platform stating that he plans to take a heavy position in ETH between $1,070 and $1,370, believing that further downside for ETH price is limited. He noted that the market generally expects ETH to underperform BTC in the future, but in reality, ETH is already in an "extremely oversold" state, so he chooses to trade against the trend. The current ETH/BTC exchange rate has fallen to extremely low levels, and the market is treating ETH as an "ordinary altcoin." However, both ETH and BTC are blue-chip assets in the crypto market: both have fully diluted supply, no internal unlocking pressure, and have undergone more than 10 years of market validation. The biggest difference lies in the asset holding yield: BTC itself does not generate yield, but most ETH can generate yield through staking. Still, nobrainflip clarified that he is not bearish on BTC and still holds both BTC and ETH; he simply believes that ETH, which the market is currently abandoning, may be a more cost-effective asset. His trading plan is to buy ETH in batches between $1,370 and $1,070, completing most of the position near $1,070, and stop-loss if it breaks below $800. (Source: ODAILY)
ETH1.29%
BTC1.62%
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