ETH Bounced Hard from $1,505 — Is the Bottom In? 🚀
Just hours ago, Ethereum dipped to $1,505 (a major support level and one of the lowest prices in over a year), triggering deep oversold conditions (RSI dropped below 30).
Now $ETH is trading around $1,648 - $1,680, up +2.5% in the last 24h with a quick recovery.
Quick Technical View:
Strong rebound after touching extreme oversold territory
Holding above the critical $1,500–$1,550 zone for now
EMAs still pointing down → overall trend remains bearish
Next resistance: $1,720 → $1,800 → $1,930
The market is still under macro pressure, but this kind of violent washout + sharp bounce often marks local capitulation. Many traders are now watching if ETH can reclaim $1,800 and flip the short-term momentum.
ETH
1,726.14
+1.84%