Ethereum is seeing its lowest daily RSI since basically ever. We are testing well below the $400 -- which I was actually expecting to put up a bit more fight. Unfortunately, the correlation with Bitcoin is taking over...this is why we are seeing such oversold conditions.
Judging by the EMA resistances and the trend line, I am expecting an oversold bounce before too long to rally and test the $555 resistance which was support on the last major bounce previously.
Despite the FUD, the current selloff is NOT sustainable -- at least not without a bounce.
By Working on ETH, if we cann't get enough value. its same as we work or not...So sad news, it should be come above
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I like reading analysis, thank you for your sharing.
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Good share
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