Currently, $ETH's RSI (Relative Strength Index) is well below 30 (below 30 is generally considered oversold). In addition, $ETH's current price is about 20-40% lower than the 200-day moving average, and the weekly moving average is also significantly lower. This kind of situation is rare in $ETH's entire history, overall indicating an extremely oversold state. Whether this is the ultimate bottom for $ETH, no one knows, but $ETH below 2000 is definitely too cheap.