Ethereum’s Support at 0.01914: Signs of Rebound as RSI Drops Below 25

Ethereum’s price has dropped to a historical support level near 0.01914 against Bitcoin, signaling a potential rebound after weeks of decline. The RSI reading stands at 24.32, indicating extreme oversold conditions and pointing towards a technical bounce. While ETH struggles near the $1,860 mark in a tight consolidation range, its performance against Bitcoin has hit a yearly low, aligning with long-term support. The RSI dip below 25 suggests past reversals following similar oversold readings, signaling the possibility of a rebound. Ethereum’s technical outlook remains uncertain as it awaits confirmation for a clear uptrend.