Ethereum flashes ‘rare oversold signal’ for the first time since $1.4K ETH

Ethereum price weakness over the past two weeks has resulted in the relative strength index flashing a potential bottom signal not seen since early April.

Key takeaways:

Ether’s “rare oversold” RSI, historically tied to major ETH price rallies, suggests a potential price reversal in the short-term.

ETH traders say price must stay above the $3,800-$3,900 range to avoid more losses.

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