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Ethereum UPDATE: -Ethereum (ETH) was also down for its fourth consecutive day, with the token breaking out of a key support point in the process.
The world’s second-largest cryptocurrency dropped to a low of $1,321.75 on Saturday, a day after hitting a peak of $1,356.88.
As a result of today’s sell-off, ETH/USD dropped below its support of $1,330 and is currently trading at its lowest point since October 3.
From the chart, it appears that the RSI is now marginally above its own floor of 42.00, with the price trading at $1,328 as of writing.
Unlike BTC, there has not been any crossover of moving averages, however, the trend lines seem to be nearing proximity to this point.
Overall, even with the current market turbulence, it seems that bulls are still targeting a breakout of the $1,400 level.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Ethereum UPDATE: -Ethereum (ETH) was also down for its fourth consecutive day, with the token breaking out of a key support point in the process.
The world’s second-largest cryptocurrency dropped to a low of $1,321.75 on Saturday, a day after hitting a peak of $1,356.88.
As a result of today’s sell-off, ETH/USD dropped below its support of $1,330 and is currently trading at its lowest point since October 3.
From the chart, it appears that the RSI is now marginally above its own floor of 42.00, with the price trading at $1,328 as of writing.
Unlike BTC, there has not been any crossover of moving averages, however, the trend lines seem to be nearing proximity to this point.
Overall, even with the current market turbulence, it seems that bulls are still targeting a breakout of the $1,400 level.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
