$ETH /USDT: Oversold Bounce in Play – Can Bulls Regain Control?
$ETH has experienced a sharp decline, dropping to $3,930.02 before bouncing back to its current level at $3,948.94. The RSI is deeply oversold at 28.90, signaling a potential recovery as buyers start to re-enter. Volume remains high, indicating increased activity at the recent low, which could lead to a short-term rebound.
Traders should watch for price stabilization and volume confirmation as ETH attempts to regain momentum. With oversold conditions, a reversal could be in sight, but caution is warranted given the recent volatility.