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$ETH Signal】Oversold Rebound Play! 1H Extreme Oversold, Waiting for a Bottoming Signal to Snag
$ETH The 1H timeframe is experiencing sideways consolidation after a waterfall decline, with the price reaching the 1939-1941 zone. The 1H RSI has dropped to 19.82 in the extreme oversold area. Looking at the 4H level, a large bearish candle has directly broken through all short-term moving averages, indicating a bearish trend. However, the downward momentum has released too quickly, creating a technical rebound demand. Currently, selling pressure is concentrated around 1941.5, but buy orders below