Why oversold Is Trending Today?

Ethereum, the second-largest cryptocurrency, is gaining significant momentum, with its price eyeing a potential breakout towards $10,000. This bullish trend is being driven by a megaphone pattern and increased inflows into Ethereum-based exchange-traded funds (ETFs).

Analyst predicts Ethereum (ETH) could remain bullish for an extended period, with a megaphone pattern suggesting a potential rise to $10,000. Ethereum currently holds support at $4,500, and a megaphone breakout could signal a rally to $7,000. Meanwhile, a Bitcoin megaphone pattern indicates a potential target of $260,000, despite the current 'oversold' price.