BTC edges closer to 10-day low, whilst ETH nears breakout below $1,200.
Following a high of $1,252.30 on Wednesday,Today’s drop in price pushed ethereum below a recent support point at the $1,230 level, with prices hitting a nine-day low as a result.Looking at the chart, the 10-day moving average remains high, which some see as a signal that a bullish reversal could still be on the cards.
Despite this, momentum seems bearish, with the RSI tracking at 46.72, which is its lowest point since November 29.Register your email here to get weekly price analysis updates sent to your inbox:
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