Right now ETH is about 10X from it's bottom. In a traditional market that sounds amazing. On an asset that saw a 95% drop before that it's terrible.
It's important to look at long charts and look for the averages to really be moving up in exponential terms. I'm not saying ETH always goes up or down. Rather that it is volatile beyond which most people can mentally handle. In an uptrend it could easily crash 50% and that's not a bear market that's just a correction.
RSI is over sold but it's possible it stays that way for weeks just like Bitcoin did.