According to @rovercrc, after ETH reached a new all-time high, altcoins are rebounding from their most oversold levels since 2021, a condition the source says previously led to a sharp market recovery (source: @rovercrc). According to @rovercrc, the last time altcoins were this oversold, the market followed with roughly a +160% rally, prompting the question of whether a similar altcoin rotation could unfold again (source: @rovercrc).

According to Crypto Rover, altcoins have reached their most oversold levels ever, indicating a potential reversal opportunity for traders rather than a time to turn bearish (source: Crypto Rover, Twitter, June 11, 2025). Oversold conditions historically precede market rebounds in the cryptocurrency sector, suggesting that altcoin holders and short-term traders could see increased volatility and potential upward movement. Monitoring technical indicators such as the Relative Strength Index (RSI) and trading volume could help investors identify entry points as market sentiment shifts. This development may impact related markets including Bitcoin (BTC) and Ethereum (ETH), as shifts in altcoin sentiment often influence overall crypto market momentum.