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Ethereum Signals Potential Rebound as Key Indicators Hit Oversold Extremes
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Ethereum Signals Potential Rebound as Key Indicators Hit Oversold Extremes
Ethereum (ETH) is flashing a rare technical warning sign for bears, as the daily chart has hit a historically oversold Moving Average Convergence Divergence (MACD) reading not seen in years. This extreme momentum signal aligns with a deeply oversold Relative Strength Index (RSI), suggesting that the price has entered a major demand zone. This confluence of indicators dramatically increases the… Source
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