$ETH Is Ethereum Gearing Up for a Monster Move?
Hello Traders! 🐺
Over the past week, markets have been shaken — a major long position wipeout hit the stock world, and crypto wasn't spared either. But despite all the noise, Bitcoin held firm, staying within a falling wedge formation.
If you’re not familiar with that setup, check my last idea — but today, we’re zooming in on ETH.
And guess what?
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Ethereum Is Screaming “Oversold” ⚠️
Here’s why Ethereum looks extremely discounted right now:
1. Monthly RSI at 25
That’s deep in oversold territory — historically, this is where bullish reversals begin.
Long-term investors, take note!
2. BTC Dominance (BTC.D) Is Peaking
BTC.D RSI is at an all-time high and forming bearish divergence, hinting that altcoins may gain ground — and ETH is the king of alts.
3. ETH/BTC Is Extremely Oversold
This pair hasn't looked this undervalued in a long time. When ETH/BTC hits these levels, ETH tends to outperform.
4. BTC Is Holding Key Support
Bitcoin itself is forming a falling wedge — a bullish reversal pattern — right above its weekly Cup & Handle neckline. This strengthens the case for a market-wide bounce.
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Zoom In: ETH’s Next Move May Be Explosive 💥
On the daily chart, ETH is pressing against a key resistance line — and it’s getting tight.
The breakout could be imminent.
Considering all the technicals we just mentioned, the probability of an upside breakout is high.
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Final Thoughts for the Binance Square Family 💡
ETH is undervalued and technically oversold.
Macro and micro indicators are flashing reversal signs.
A breakout on ETH/BTC and ETH/USD could surprise the market soon.
If you’ve been waiting for the right moment to re-evaluate ETH — this might be it.
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Always DYOR. This post is for educational purposes only and not financial advice.
#Ethereum #ETHBTC #Oversold
#Altseason #CryptoAnalysis #BinanceSquare