Ethereum's RSI Plummets to Record Low: Could a Bull Run Be on the Horizon?

Ethereum's latest move has sent shockwaves through the crypto community with its RSI (Relative Strength Index) hitting the lowest level since the cryptocurrency's inception in 2015. This comes at a time when ETH's price has tumbled below $1,800, adding to the bearish sentiment that's gripping the market.

Ethereum's Rocky Road

Let's rewind a bit. Back in August 2025, Ethereum was riding high at nearly $4,946. Fast forward to now, and the story is starkly different. June 2026 saw ETH sliding to $1,536, marking its lowest point so far this year. That's quite the fall from grace in less than a year.

This massive price drop has naturally affected its monthly RSI, which dipped to about 40. Historically, when Ethereum's RSI has plunged like this, it's been a precursor to big rallies. We saw this back in 2020 and again in 2022, when depressed RSI levels heralded hefty price rebounds.

Ripple Effects in the Market

Such a dramatic drop in Ethereum's RSI is bound to impact the broader crypto market. For starters, it could spell opportunity for investors looking to buy low. But it also pressure on bulls to defend critical price levels, like the $1,600 mark where Ethereum is currently hovering.

Interestingly, spot Ethereum ETFs just saw a brief break from a 17-day outflow streak, bringing in $19 million on June 4. However, that respite was short-lived, with outflows resuming as the market closed the week with a $5.97 million net outflow. The fluctuation in ETF inflows could indicate wavering confidence among large investors.

Could this be the final shakeout before a massive recovery? The builders never left, and history suggests that such low RSI readings have been followed by significant upward momentum. But as always, the market's next move isn't set in stone.

: Possible Rebound?

What's next for Ethereum? Well, there's every possibility that the current RSI scenario could repeat the past trend of leading into a major upswing. If history decides to play its hand again, Ethereum might rally stronger than before, potentially eyeing that elusive $10,000 mark sometime between 2026 and 2027.

But here's the thing: nothing's guaranteed in crypto. The current market environment is volatile, and while an RSI recovery might suggest a rebound, it also requires strong market sentiment and increased inflows to translate into real gains.

So, is this the calm before the storm? Could Ethereum be on the brink of another major rally? The meta shifted, keep up. What's clear is that the digital asset world thrives on cycles, and Ethereum's current situation might be setting the stage for another big move. Floor price is a distraction. Watch the utility.