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Ethereum #ETH has returned to its previous structural low, triggering an oversold signal.
Simply put, looking back at previous overbought and oversold signals, price usually reacts, so this time is worth watching too.
From a structural perspective, if the pattern hasn't broken, then it hasn't broken—no need to guess if it will.
Even if it does eventually break, the stop-loss is clear, and you only lose once.
Of course, you can also look for tighter stop-losses and clearer entry signals on lower timeframes~

Ethereum has triggered an oversold signal. The previous structural low remains intact, and the pattern is holding strong—no need to anticipate a breakdown. With a clear stop-loss and confirmation from intraday signals, this could be a prime entry opportunity.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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