Bitcoin below $40,000, ETH at $2,550 prior to tomorrow's FOMC meeting.
/USD is trading $10 above its recent support level of $2,550, following an earlier low of $2,515.77.
The price of ethereum has largely consolidated in the last few weeks, trading between a floor of $2,550 and ceiling of $2,840.Despite the odd breakout, this sideways action has led to the 14-day RSI also tracking in neutral territory, with neither bulls nor bears taking charge of price strength., this could change tomorrow, as the FOMC meeting could give crypto markets a sense of direction, once this current monetary cloud is lifted.
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