🚨 $ETH is now showing one of the most extreme oversold readings in its history.
Current situation:
• Down ~70% from its ATH • Trading near levels seen 4 years ago • Monthly RSI more oversold than the 2018 and 2022 bear market bottoms • Sentiment near extreme fear levels
For context:
• 2018 bear market: ETH fell ~94% • 2022 bear market: ETH fell ~82%
The big question isn't whether Ethereum is oversold.
The question is whether this marks capitulation... or if one final flush is still ahead.
$NEAR this looks like a high time frame bottom in the making. EMAs all loaded up on the 4h, I think it looks pretty good. That said, it's probably going to take more time than you think
it's easy to get lost in all the chatter and chase whatever's making noise right now. $USELESS is in a pretty quiet spot, just moving sideways with lower volume, and for some, that's "boring."
but the boring parts are often the most important for those playing the longer game. impatient money moves on, chasing quick pumps. the patient ones see these moments as a test, or a chance to position quietly.
the market has a way of showing its hand when nobody's watching. what feels uneventful today often becomes clear only later, after everyone else has already rotated in.
Basically, if you look at most of these tokens, they drop 80–90% within 10–30 minutes. During that period, almost nobody can catch the short. Then, once most people start opening short positions, the token suddenly starts rising because the market makers want to liquidate those shorts.
$SOL weekly MACD just triggered a massive bullish divergence, from the exact same structural wedge breakout that previously started the historic bullrun
the $USELESS chart is showing a lot of sideways action, hugging a familiar support level around the low $0.06s. volume has been slowly drying up, which is pretty common when a ticker finds its range and activity cools off.
it's holding this shelf even with some slight negative price change over the last day. this kind of tight, low-volume behavior often tests patience, making people wonder if anything is actually happening.
but sometimes, the market is just digesting earlier moves. this could be the quiet before it picks a direction, or just a sign that current holders are content to wait.