'$ETH monthly RSI hit its most oversold level on record!'
'$ETH monthly RSI just hit extreme oversold!'

Oh really? Okay. Then what about the fact that $ETH monthly RSI has NEVER been in the oversold territory?

👉 The market might be in an oversold condition IF the RSI shows a value of 30 or less on its scale 👈
That hasn’t happened (yet)

$ETH RSI has been making Lower Highs & Lower Lows since 2017, so a descending Parallel Channel would fit well here.

IMO in H2 2026 $ETH RSI will reach oversold level for the first time ever and it will coincide with the bottom of the descending Parallel Channel 👌

Once that final capitulation is done, $ETH will start its multi-year Uptrend 📈
✅ Bullish Trigger - breakout above the MA21