Ethereum has dropped 20% in two weeks
$ETH RSI is in its most oversold territory since the April lows.
The last time $ETH was this oversold, it rallied 134% in two months.
It has bounced nicely off the $3,800-$3,900 level, which if it wants to remain bullish, must hold this line.
If the crypto market turns bullish in Q4, this rare RSI oversold signal could see ETH rally to $7-8K.
Nov. 2016 - jan. 2018 bullrun, 14 months,
From oct. 2018 - march 2020 $ETH consolidation.
Than 18 months bullrun, 40x .
June 2022 - march 2025 three yrs of consolidation.
Now Ether bullmarket is 4 month young, min. 6 month left.
Goals 8K minimum, 29K maximum. NFA DYOR
Today, our community celebrated Ethereum's 10th anniversary by ringing the closing bell at NASDAQ. The symbolism of this is profound: the closing of Ethereum's first chapter, and the opening of the next. After ten years, the inflection point has arrived, and mass adoption is upon us. Wall Street was just a river away from the industrial Brooklyn loft where Consensys was founded over 10 years ago, but at the time it felt like an ocean. But I can't say I didn't see this moment coming: the technology, and its promise, is irresistible. We worked to seed a new ecosystem and onboard TradFi to DeFi, with a mission to rebuild the global financial system. And together, we're doing it.
$ETH: $4,000 IS THE FINAL BOSS
The ceiling since 2021
Rejected 7 times
Now under pressure
This isn’t just another resistance.
It’s the gate to price discovery.
And Ethereum is knocking louder than ever.
Linea is the Ethereum L2 built to serve one purpose: to strengthen Ethereum.
The LINEA token is the economic coordination tool that will be used to reward real usage, bootstrap aligned applications and builders, and fund Ethereum’s long-term development.
Here’s what you need to know 👇
More details here: https://t.co/j4MikxkYGr
Today, we're setting a new standard for Ethereum Layer 2.
Introducing native ETH yield, protocol-level ETH burn, and an Ethereum-native Consortium to manage the largest ecosystem fund in the space.
This is how we build the Layer 2 where Ethereum wins.
$SOLETH - If you made the mistake of picking $ETH over $SOL last year don't make the reverse mistake of picking $SOL over $ETH now. The conditions have changed and Ethereum is the winner now.
ETHEREUM is trying to smash through the multi-year barrier (orange box) again.
IF ETH BULLS can pull this off then expect new highs and huge moves across the board for altcoins soon!
$4,000 is the key to a massive rejection or Valhalla, there is no in between.
Trade ETH now on Phemex! (available everywhere) $1,299 DEPOSIT BONUS AND 50% OFF FEES 👉 https://t.co/7n9MnkHHXd
$ETH - #Ethereum is getting closer to the $4K resistance. Once this breaks we will see a big jump on the chart in my opinion.
Ethereum still has a lot of catching up to do. The $ETH / $BTC chart has also had a nice push tho. Patience is key overhere.