Ethereum’s most widely watched momentum indicator just hit a number it has never hit before. The Relative Strength Index, a measure of whether an asset is overbought or oversold, has dropped to its lowest reading in ETH’s entire trading history.
The numbers behind the panic
As of June 6, daily RSI readings on ETH fell to between 17 and 25. For context, any reading below 30 is traditionally considered oversold. Readings below 20 are rare enough that they tend to show up only during genuine market crises.
Monthly RSI indicators have also revealed historic dips, according to data reported by Coin Bureau. This isn’t just a bad day on a short timeframe. The weakness is showing up across multiple time horizons simultaneously.
ETH has been trading in the $1,569 to $1,778 range in early June, a painful distance from its August 2025 peak near $4,946. That represents a drawdown of roughly 64% from the high.
