Altcoin Strength and Ethereum Hit Record Oversold Levels

Recent trading activity has pushed altcoin strength to record lows, surpassing the historically low RSI reading ever recorded. Ethereum’s price has also reached an extremely oversold level, as shown by the Stochastic RSI forming a bullish cross after crossing into heavily oversold territory. This combination of technical signals, including historic support levels at 0.53–0.54, suggests potential for upside movement in the coming weeks.