The ethereum price on the market is presently at $1334 after it came down from the price of $1469 since few days ago.. A decline which was up to 12% and it was a decline that many traders were not expected most especially when the ethereum merge came into existence..
Anyways looking at the daily time-frame , one could see that the ethereum is at the oversold zone according to the RSI indicator..
An oversold zone on the market most times means that the market might experience a trend reversal or at least a retracement , so I am expecting us to see a trend reversal on the ethereum market within the next few days or a retracement..
So I believe that this week we might see a sign of relief on the ethereum market and what I mean is that we would likely see a bullish ethereum week if there is no fundamental news that will ruin it...DYOR..This is not an investment advice..
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