Momentum for $ETH is dropping. The 4H RSI shows 35.72, indicating low strength. Price currently holds at $1,618, testing immediate support at $1,614. Notably, the Bollinger %B sits at 0.173, deep in oversold territory. The last time $ETH saw such low RSI and %B confluence, a significant rebound often ensued. Watch for strong reactions near the $1,606 support. Price action here will be critical. 📉

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