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$ETH looks ready to push much higher
In the last 5 years every single time the 1D RSI has gone from overbought, down to oversold, and then broken the trend(green circle)...
It has pumped a minimum of 45%.
That takes us to $4,300.
That is just the minimum, worst case scenario this is a bear market etc
The average is 111%.... Which would take us to $6,800.
Basically, whenever $ETH goes from overbought to oversold, and the breaks the downtrend...
It's pushes very nicely.
Only one out of those 5 scenarios did $ETH double bottom after the break of trend... the other 4 times the bottom was in.
It broke that downtrend today quite convincingly.