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Ethereum Price Rebound Incoming? RSI Hits Oversold Levels
Key Insights:
Ethereum Seems Unable to Break Out Above $2500
The price of Ethereum has got stuck between $2000 and $2500 in the last few weeks. Ethereum has been under a bearish phase despite rallies in the broader markets.
Lately, it has broken down below a long-term ascending channel. If the price of Ethereum fails to recover soon, it may see prices crashing down further.
Thankfully, the RSI on the Ethereum charts indicates that the momentum is very low, and there could be a recovery in its price soon. Any cryptocurrency that sees its RSI below the levels of 30 in bullish or neutral markets is likely to see a price recovery in the short term. Ethereum saw this level on 01 March 2025.
This bearish phase in Ethereum has unclear origins, but expert assumptions and market sentiments suggest that ETF underperformance, lack of major upgrades after Dencun, and FUD around its sustainability could be major reasons that pin down Ethereum's price.
Factors Sinking Ethereum's Price
Several factors have contributed to Ethereum's price crash. These factors are ETF redemptions, weaker technical charts, retailers dumping Ethereum, and FUD around its future prospects.
Ethereum ETFs have been a worse performer as compared to Bitcoin. This was likely due to the failure of the retail markets to connect with the importance of Ethereum. ETF markets could understand the value of Bitcoin as it was likened with "Digital Gold". A similar comparison lacks for Etheruem due to its complexity.
On the technical chart side, ETH has been bearish since June 2025. It has been unable to break $4000 levels despite Trump's win, US Crypto Reserve inclusion, and ETH's revenue crossing $2.4 billion (highest in the market). We assume this bearishness would only end when short-term buyers completely exit the markets, a phenomenon that we saw in the case of Bitcoin when it was around $30k levels.
Whales Accumulate Based on Long-Term Prospects
Historically, Ethereum has been at a 0.16 ratio as compared to Bitcoin, which in simple terms means that it traded at 16% of the price of Bitcoin. With no fundamental, technical, or news changes, the current price of Ethereum, which is 0.025, is grossly undervalued.
This undervaluation has also been marked by several experts, like Bankess co-founder Ryan Sean Adams.
Several whales have been accumulating Ethereum due to these huge undervaluations, with an entity known as the "7 Siblings" accumulating $126 million worth of Ethereum.
Expert Predicts a Breakout Soon
Crypto trader Antones Karagia brings the attention of the market to the worrying technical charts of Ethereum. He posts that the ETH charts have decoupled from broader markets and have been unable to breakout above $4000 and has been around $2000 levels for several days.
However, on the positive side, Ethereum's momentum indicators like RSI and Stochastic RSI have touched extremely low levels and oversold zone. This indicates a recovery might be on the cards.
Antones thinks if a breakout takes place, it would need to cross the range of $2700 to $3,000. At press time, Ethereum is at $2,170 levels.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information but will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.