Ethereum is trading at $1,634, deep in oversold territory. Smart money hasn't budged – it's still 75% long. That sets up a tight window: the next ten days could see a bounce to $1,800 or a capitulation drop to $1,400.
The oversold reading
Technical indicators flag Ethereum as deeply oversold. That doesn't guarantee a rebound – it just means selling pressure has been extreme. Pushes lower are still possible, despite the stretched readings.
Smart money stays put
Data shows smart money maintaining a 75% long position. That's a high conviction level, especially given the current price. Of course, even smart money gets wrong-footed sometimes. The positioning suggests they expect a reversal, not a meltdown.
Two outcomes, one deadline
Over the next ten days, Ethereum could recover toward $1,800. Or it could break lower to $1,400. Neither outcome is locked in. The market is waiting for a catalyst – a macro shift, a regulatory headline, or a large liquidation cascade. Until then, the range is defined and narrow.
