ETH hasn't been this oversold since April, hoping for a breakout

With ETH being oversold so heavily and breaking through the bottom band, it looks like we could be in for a healthy leg up, I don't think it will go as high as last time (Around $800), I predict around $550 - $600. We haven't seen ETH so heavily oversold since April and we all know what happened then. Do I think this is bulls taking over? No. Definitely not.