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$ETH /USDT: Did We Just Hit the Bottom? 🤔
Ethereum just bounced back from $1,744, and right now it's sitting at $2,095. A lot of traders are asking is the worst behind us, or should we brace for another drop?
Let me break down what the chart is telling us.
What the Numbers Are Saying
The Momentum Meter (RSI)
Think of RSI like a pressure gauge for buying and selling. When it drops too low (below 30), it means everyone's panicking and selling usually a sign we're near a bottom. Right now, the RSI is climbing back up from those lows at around 45. That's like seeing the panic fade away. Seller