• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
Ethereum

Ethereum Monthly RSI At 2018 Market Low — What Happened Last Time?

Opeyemi Sule
by Opeyemi Sule
5 months ago
·
Posted in Ethereum
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The price of Ethereum appeared to be back on its way to recovery, reclaiming the psychological $2,000 level earlier in the week. However, the altcoin was among the crypto assets heavily impacted by the latest inflation data in the United States, returning below $2,000.

This latest correction highlights the struggles of the Ethereum price over the past few months, underperforming even in the midst of a market-wide bull run. Interestingly, a prominent indicator has flashed the imminence of a bottom for the second-largest cryptocurrency.

Is ETH Ready For A Rebound?

In a March 28 post on the X platform, Chartered Market Technician (CMT) Tony Severino shared that a critical indicator for the Ethereum price is at 2018 bear market levels. The crypto expert suggested that the altcoin could be gearing up for a rebound from its recent lows.

Related Reading: Bitcoin Resists Macro Pressure As It Diverges From Stock Market Downturn – Insights

This analysis is based on recent changes in the 1-month relative strength index (RSI) indicator on the Ethereum monthly chart. The relative strength index is a momentum indicator used in technical analysis to measure the speed and magnitude of an asset’s price changes.

The RSI oscillator is used to detect whether an asset is being overbought or oversold, indicating the tendency of a trend/price reversal. Typically, an RSI reading of over 70 signals an overbought market condition, while a relative strength index value below 30 suggests an oversold condition.

According to Severino, the monthly Ethereum RSI indicator is currently at a value last seen during the bear market in 2018. As observed in the chart below, the indicator also reached this bottom following the crypto market capitulation events in May and November 2022.

Ethereum

Source: @tonythebullBTC on X

After reaching this level, the relative strength index and price of ETH tend to bounce back to new highs. In the 2018 cycle, the Ethereum price surged by nearly 4,000% from around $120 to the current all-time high of $4,878. 

Meanwhile, the altcoin returned to around this record-high price in early 2024 after reaching this RSI bottom in 2022. If history were to repeat itself, the price of ETH could bounce back from its current point to a new high.

However, Severino highlighted in his post that the monthly Ethereum RSI bottom in 2018 came after the price dropped roughly 94% from its then all-time high. The price of ETH is only 56% adrift from the local high and 63% from its current record high. Hence, it remains to be seen whether the Ethereum price is at risk of further decline.

Ethereum Price At A Glance

As of this writing, the price of ETH is around $1,880, reflecting an almost 7% decline in the past 24 hours.

Related Reading: If US Chose Cardano For Elections, It Needs To Stockpile ADA, Says Founder

Ethereum

The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView
Featured image from Unsplash, chart from TradingView
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Opeyemi Sule

Opeyemi Sule

Follow

Opeyemi Sule is a passionate crypto enthusiast, a proficient content writer, and a journalist at Bitcoinist. Opeyemi creates unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi enjoys reading poetry, chatting about politics, and listening to music, in addition to his strong interest in cryptocurrency.

Full Profile

Related Posts

Ethereum

Ethereum Accumulation Surge: Whale Wallets Stack ETH At Fastest Rate In Years – What’s Going On?

2 days ago
Ethereum ERC-404 token

Bullish Continuation Setup Says Ethereum Price Is Headed For $6,500, Here’s When

2 days ago
Ethereum

Ethereum Devs Disclose New Fusaka Upgrade For December 3: What You Need to Know

4 days ago
Ethereum

Ethereum Exit Queue Crosses 2.6 Million ETH With 44-Day Wait Time, Is A $12 Billion Sell-Off Coming?

5 days ago
Ethereum Mid-Sized Whales See Peak Unrealized Gains: Profit-Taking Risk Rises

Ethereum Mid-Sized Whales See Peak Unrealized Gains: Profit-Taking Risk Rises

5 days ago
Ethereum & Altcoins Vs Bitcoin

Ethereum & Altcoins Capture 85% Of Futures Trading, Bitcoin Share Shrinks

1 week ago

Premium Sponsors

Press Releases

  • 加密錢包掀起發幣熱潮 Best Wallet...

    10 hours ago
  • Bitcoin Hyper

    ChatGPT предсказва следващата 1000x...

    1 day ago
  • Snorter надхвърли $4 милиона след...

    2 days ago
  • ตัวละครสัตว์ Snorter หน้าตลกโผล่พ้นกำแพงอิฐ

    นักลงทุนแห่เข้าซื้อ...

    5 days ago
  • Little Pepe ($LILPEPE) presale crosses $25 million milestone as investors eye exchange listings and meme coin Layer-2 blockchain growth.

    Little Pepe Presale Surges Past $25M as Stage 12 Sells Out...

    6 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.