Marcus & Millichap's 15min chart triggers RSI oversold, KDJ golden cross

According to Marcus & Millichap's 15-minute chart, there have been two notable technical indicators triggered recently. Firstly, the Relative Strength Index (RSI) has reached an oversold level, indicating that the stock price has dropped rapidly and is currently below its fundamental support level. Secondly, the KDJ (stochastic oscillator) has formed a golden cross at 09/03/2025 12:45, which is a bullish signal indicating that the momentum of the stock price is shifting towards the upside and has the potential to increase further.

Ethereum (ETH) has experienced a notable decline, falling below a key ascending trendline support for the first time since June 22, according to recent market data. This decline coincides with The Ether Machine's announcement of a significant investment in its treasury, which may impact future price movements. The Ether Machine has secured a $654 million investment, equivalent to 150,000 ETH, from Ethereum enthusiast Jeffrey Berns, who will join the company's board of directors [1].

The investment brings The Ether Machine's total committed capital to 495,362 ETH, valued at approximately $2.5 billion. This substantial capital boost comes as the company plans to go public on the Nasdaq under the ticker ETHM. Additionally, SharpLink Gaming and ETHZilla have made significant ETH purchases, further increasing the total holdings of Ethereum treasury companies to 3.6 million ETH, valued at about $15.41 billion [1].

The recent ETH acquisitions have been driven by a shift in investor appetite toward Ethereum. August saw a 5% increase in crypto exchange volume to $1.86 trillion, the highest since January, with Binance leading the market share [2]. U.S. spot Ethereum exchange-traded funds saw $3.87 billion in monthly inflows, while their Bitcoin counterparts recorded outflows of $751.1 million [2].

Despite the recent investments and increased trading volume, ETH faces potential downside risks. The decline below the key ascending trendline support could invalidate a multi-month bullish flag pattern, potentially pushing ETH toward the $3,470 support level. However, a firm recovery of the $4,500 level could initiate another uptrend [1].

Technical indicators also suggest a potential change in momentum. The Relative Strength Index (RSI) is testing its neutral level, while the Stochastic Oscillator (Stoch) is on the verge of crossing into its oversold region [1]. The KDJ (stochastic oscillator) has formed a golden cross, indicating a bullish signal and suggesting that the momentum of the stock price may shift towards the upside [3].

In conclusion, while Ethereum faces potential downside risks, the recent investments and increased trading volume may provide support for a recovery. Investors should closely monitor these developments and technical indicators to make informed decisions.

References:
[1] https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-forecast-the-ether-machine-secures-650-million-investment-as-eth-declines-below-key-support-202509022110
[2] https://www.theblock.co/post/369240/crypto-exchange-volume-august
[3] Marcus & Millichap's 15-minute chart, September 02, 2025