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Details: ht
Analysis: Ethereum is extremely oversold, with the RSI at its lowest level since April.
On September 26, analysts stated that the Ethereum RSI (Relative Strength Index) is at its lowest level since ETH hit a low of $1384 in April. Since then, ETH has risen by 189%, and the market direction is difficult to predict, but such a low RSI indicates that ETH is extremely oversold. Additionally, over $5.2 billion in ETH options are expiring today, which is one of the largest quarterly expiring options in history, with ETH's maximum pain point around $3,800. After this delivery, ETH is expected to see a subsequent pump.