According to Golden Finance, on February 11, Matrixport released today's chart showing that Ethereum's relative strength index (RSI) has fallen to a historical low, approaching the extreme oversold range. This usually means that after a recent sharp pullback, ETH prices may meet the conditions for rebound. In addition, the Ethereum Pectra upgrade is scheduled to be launched in March 2025, and is expected to significantly improve the scalability, efficiency and user experience of the network. This upgrade will merge the original Prague and Electra versions to create a more powerful technical update. Before the upgrade in March is officially launched, the market is expected to issue multiple test network announcements that may become a positive factor in promoting market sentiment. Although Ethereum’s past upgrade events are often accompanied by the “sell news” market, in the current oversold context, this upgrade may create an opportunity for the rebound of ETH prices.