ETH is currently trading inside a major historical support zone, an area where price has repeatedly been rejected and bounced in the past. This level has acted as a strong demand zone multiple times, and the price is once again testing it.
On the momentum side, the RSI has dipped below 30 on the daily chart. Historically, every time ETH’s RSI dropped into the oversold region, it marked a strong bottom formation followed by a notable bounce.
Price is also sitting inside the Fibonacci golden zone, adding further confluence that this area could act as a potential reversal point.
Key Points:
- Strong multi-tested support zone
- Price reacting inside the Fib golden pocket
- Daily RSI oversold (<30) - historically reliable bottom signal for ETH
- High probability bounce zone if the support holds
- This is a critical level to watch for bullish reactions or early reversal signals.
Cheers
Hex
On the momentum side, the RSI has dipped below 30 on the daily chart. Historically, every time ETH’s RSI dropped into the oversold region, it marked a strong bottom formation followed by a notable bounce.
Price is also sitting inside the Fibonacci golden zone, adding further confluence that this area could act as a potential reversal point.
Key Points:
- Strong multi-tested support zone
- Price reacting inside the Fib golden pocket
- Daily RSI oversold (<30) - historically reliable bottom signal for ETH
- High probability bounce zone if the support holds
- This is a critical level to watch for bullish reactions or early reversal signals.
Cheers
Hex
🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
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🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.