Matrixport： Ethereum may experience a rebound due to low RSI and upgrade plans

Matrixport reported today that Ethereum's Relative Strength Index (RSI) has fallen to historic lows, approaching an extremely oversold range, which may provide conditions for a rebound in ETH prices. In addition, Ethereum's highly anticipated Pectra upgrade plan will be launched in March 2025, which integrates the original Prague and Electra versions and is expected to significantly improve the network's scalability, efficiency, and user experience. The report also mentioned that before the official launch of the upgrade in March, the market may release multiple test network announcements, which may further boost market sentiment. Although Ethereum's upgrade events in history have often been accompanied by "sell news" market trends, the current oversold market background may create opportunities for ETH prices to rebound.