Is Ethereum Oversold?

With multiple catalysts on the horizon, is now the time to buy?

Author

Markus Thielen
February 10, 2025

👇1-12) Ethereum’s Relative Strength Index (RSI) has dropped to 36%, a level where past corrections have slowed, even as Bitcoin remains in a bull market. Unlike Bitcoin’s parabolic rallies followed by extended consolidation periods, Ethereum has been more volatile this cycle, presenting high-risk, high-reward buying opportunities around key events—such as the ETF approval, trading launches, and major network upgrades.

👇2-12) Ethereum isn’t a coin to get emotionally attached to, but history shows that when sentiment turns overwhelmingly negative, opportunities can emerge. Tactically, the recent crash could present an attractive risk/reward setup, especially as Solana’s ecosystem temporarily loses its momentum following the $TRUMP coin collapse and the slowdown in Pump(dot)fun coin issuance.

Ethereum (LHS) vs. Ethereum’s RSI (RHS)

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