Analysis: Ethereum RSI drops to 36%, indicating that the recent correction has slowed down
2025-02-11 03:11
Odaily News 10x Research noted in its market analysis that Ethereum's relative strength index (RSI) has fallen to 36%, indicating that the recent pullback has slowed, although Bitcoin is still in a bull market. Unlike Bitcoin's parabolic rebound and subsequent long-term consolidation, Ethereum has been more volatile in this cycle, presenting high-risk, high-reward buying opportunities around key events such as ETF approvals, trading launches, 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 and below 30 is considered oversold.
