Ethereum slid to $2,061 on Friday, extending its bearish run as the relative strength index hit oversold territory at 31. Market data suggests the drop isn't over yet — traders are bracing for a move to the $1,850–$1,900 support zone within the next seven to ten days. But the same data also points to a 65% probability of recovery back to $2,400 after that low.
Oversold reading and what it means
An RSI of 31 is deep in oversold territory — typically a signal that selling pressure may be exhausted and a bounce could come. That's the textbook read, anyway. Right now the market momentum is firmly in bears' hands, so the indicator alone isn't enough to call a bottom. The question is whether buyers step in near $1,850 or let price drift lower.
The $1,850–$1,900 zone in focus
That support band is the next big test. The data projects ETH hitting that range within a week to ten days. If it holds, it could be the low before a reversal. If it doesn't, the next obvious floor isn't clear from the current numbers — and that uncertainty keeps the pressure on. The timing matters too: a Friday slide into a weekend often amplifies moves on thinner volume.
Recovery odds and the $2,400 target
Despite the near-term bearish outlook, the same dataset gives ETH a 65% chance of climbing back to $2,400 after the dip. That's not a guarantee, but it's a meaningful probability — one that suggests the current selloff may be a shakeout rather than the start of a deeper downtrend. If the support zone holds and buying volume picks up, that $2,400 level becomes the next resistance to watch. The next ten days will tell whether the oversold reading actually brings buyers or if bears keep control.
