Matrixport： Ethereum approaches extreme oversold range, relative strength index (RSI) drops to historic low—— The relative strength index (RSI) of Ethereum has fallen to a historic low, approaching an extremely oversold range. Usually means that after experiencing a recent significant correction, ETH price may have the conditions for a rebound. In addition, Santiment @ sentiment feed monitoring shows that ETH has experienced its largest CEX transfer in nearly two years, indicating that long-term investors are still confident; In addition, the Ethereum Pectra upgrade plan is scheduled to be launched in March 2025, which is expected to significantly enhance the scalability, efficiency, and user experience of the network. This upgrade will merge the original Prague and Electra versions to create a more powerful technological update. Before the official launch of the upgrade in March, the market is expected to release multiple testing website announcements, which may become a positive factor driving market sentiment.