$ETH Weekly Update !!

ETH is sitting on a strong long-term trendline support that has held for years.
Price is also near this purple EMA, while RSI is already near / slightly below the oversold zone, and the last two times RSI reached this area, ETH bounced hard.
Everything is lining up at this level.
We may see a good reaction from here, maybe not the exact bottom, but a possible base.
A quick wick below the trendline to liquidate late sellers is still possible before the move.
Let’s see how the weekly candle closes.
Do you expect a bounce from here? Share your thoughts below.
#ETH #Ethereum