Analysis: Ethereum is extremely oversold, with RSI at its lowest level since the April low

BlockBeats News, September 26, analysts stated that Ethereum's RSI (Relative Strength Index) is at its lowest level since ETH hit a low of $1,384 in April. Since then, ETH has risen by 189%. The future trend is difficult to predict, but such a low RSI indicates that ETH is extremely oversold. In addition, over $5.2 billions worth of ETH options are expiring today, making it one of the largest quarter-end option expiries in history. The max pain point for ETH is around $3,800. After this settlement, ETH is expected to see further upward momentum.