Ethereum RSI Sinks to an All-Time Low as ETH Slides 64% From Its 2025 High
Ethereum's key momentum gauge has fallen to levels never seen before. The Relative Strength Index (RSI), a widely used indicator for identifying overbought and oversold conditions, has posted the lowest readings in ETH's trading history.
On June 6, Ethereum's daily RSI printed between 17 and 25. In technical analysis, readings below 30 are typically viewed as oversold, while sub-20 levels are uncommon and often associated with acute market stress. Coin Bureau data also shows the monthly RSI sliding to historic lows, signaling that the weakness is not confined to short-term trading.
Spot prices in early June have ranged from about $1,569 to $1,778, far below Ethereum's August 2025 peak near $4,946. That puts ETH roughly 64% off its high. At the time of the reading, Ethereum's market capitalization stood near $190B.
On-chain exchange data points in the same direction. Ethereum balances held on exchanges have fallen to around 14.8 million ETH, the lowest level since 2016.
Past cycles show that extreme oversold conditions can coincide with major turning points. In early 2024, ETH bottomed near $2,150 during similarly depressed momentum readings and later climbed to nearly $4,000, an advance of roughly 86%. Late 2022's FTX-driven selloff also produced deeply oversold signals that ultimately aligned with a generational low across several crypto assets. During the March 2020 COVID shock, ETH briefly slipped below $100 before a multi-year rally that eventually carried it above $4,800.
For long-horizon investors, the combination of a 64% drawdown from the peak, record-low RSI, and decade-low exchange balances creates a setup that has historically favored patient capital. In prior cases where RSI reached similarly extreme levels, prices later traded materially above the oversold lows.
Traders looking for evidence of a reversal often watch for the daily RSI to reclaim and hold the 30 level, for exchange balances to stabilize or continue falling, and for buying interest to show up through stronger volume on up days rather than down days.
