According to Cointelegraph, Ether (ETH) traders are anticipating a short-term price rebound as a significant ETH price metric has reached its lowest point in several months. Data from Cointelegraph Markets Pro and TradingView show that the ETH/USD relative strength index (RSI) is experiencing extremely 'oversold' conditions. This development follows Ether's 20% decline from $4,800 to below $4,000 over the past two weeks, which has notably affected the low-timeframe RSI. On the four-hour chart, the RSI plummeted from a local high of 82 on September 13 to a six-month low of 14
source: https://www.binance.com/en/square/post/30203708770530?utm_source=BinanceNewsRSS