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ETH RSI Is at an All-Time Low. BTC's Is the Second Worst Ever. That Gap Is Structural.
BTC's 15.41 RSI is second only to November 2018. ETH's 13.29 has no historical precedent, surpassing even the June 2022 liquidation peak. Both are extreme. But the divergence between them is telling a more specific story.
The ETH/BTC ratio hit a 10-month low in May and has extended further since, now down more than 35% from its August 2025 peak and over 70% from ETH's 2021 high against BTC. ETH isn't just down in a down market. It's been underperforming BTC for the better part of two years, through a bull cycle where it historically should have outperformed.
The structural pressures are documented. Dencun cut ETH fees sharply, weakening the deflationary burn narrative that underpinned much of the 2021-2022 thesis. Nine Ethereum Foundation team members departed this year, adding governance noise. ETH ETF flows have been consistently softer than BTC's since launch. ETH entered this selloff already carrying those headwinds.
The June 2022 comparison is worth making carefully. That RSI extreme was driven by a specific cascade (LUNA, 3AC, Celsius) that exhausted itself once the leverage cleared. Today's selling is macro-driven and structurally broader. The same RSI reading doesn't automatically mean the same recovery profile.
The Glamsterdam upgrade targeting 10,000 TPS is ETH's clearest near-term catalyst. Whether that's enough to shift the ETH/BTC narrative is the question the RSI numbers are actually asking.
Share your thoughts in the comments 👇
#BTCETHExtremeOversold $ETH $BTC

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