<ul><li>Ethereum's price has dipped below $2,000 for the first time since December 2023, causing a decline in bullish sentiment.</li><li>The monthly Relative Strength Index (RSI) on the Ethereum CME Futures chart has reached its lowest level on record, surpassing the readings from the 2022 bear market.</li><li>The current drop in RSI could indicate strong selling momentum or a potential hidden bullish divergence, similar to previous instances when Ethereum found a bottom and started an uptrend.</li><li>The Stochastic oscillator also indicates a deeper bearish phase for Ethereum, with potential for months of stabilization before a recovery.</li></ul>

This Ethereum Monthly RSI Chart Just Crashed To New Lows To Break 2022 Records, What Happened Last Time?

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