Long
Updated

Ethereum (ETH) Oversold. Are We Headed Back Up?

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Taking a look at ETHBTC, it's looking oversold on the RSI and looks like it's reaching the bottom of the short-term chart. From the looks of it, ETHBTC is going up! Let's look for some serious volume for a quick reversal.

I'd like to hear your thoughts on ETHBTC! Is it oversold or will it continue to drop? Please comment below, as the more input we see, the more informed we are!

*** This is not a recommendation to buy or sell, this is for educational purposes only! ***
Note
Quick update. We're slightly up since I posted this idea, I think ETH is still making up its mind. I'm seeing the MACD converge back to 0 in the short-term, looks like we're consolidating in preparation for the next move!
Note
We're still dropping. I'm going to publish a new idea establishing a downward trend of ETH.
Note
A bit more detail here:
Ethereum (ETH) Descending Channel Update. Rebound Ahead?


Closing out this analysis.

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