Analysis: The Ethereum RSI index has dropped to 36%, indicating that the recent correction has slowed down
10x Research pointed out in its market analysis that Ethereum's Relative Strength Index (RSI) has dropped to 36%, indicating that the recent correction has slowed down, even though Bitcoin is still in a bull market. Unlike Bitcoin's parabolic rebound and subsequent long-term consolidation, Ethereum has greater volatility in this cycle, presenting high-risk, high-return buying opportunities around key events such as ETF approval, trading initiation and major network upgrades.
Note: The Relative Strength Index (RSI) is a momentum indicator that measures the speed and magnitude of price changes. Generally speaking, an RSI above 70 is considered overbought, while below 30 is considered oversold.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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