Alliance DAO founder and core contributor Qiao Wang stated in a post on X platform that the current oversold level of ETH is similar to the levels after the Terra collapse in 2021, the deep bear market in 2018 (price dropped to double digits), and the DAO hack in 2016. At such oversold levels, it's hard not to consider buying in.
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Alliance DAO founder: ETH is currently severely oversold, it is hard not to buy
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