Bitcoin, Ethereum Technical Analysis: ETH Drops Below $1,500 as Prices Extend Recent Declines – Market Updates Bitcoin News

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Bitcoin, Ethereum Technical Analysis: ETH Drops Below $1,500 as Prices Extend Recent Declines – Market Updates Bitcoin News
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ETH moves below $1,500, as token falls for fifth consecutive session.

/USD moved to an intraday low of $1,567.85 during today’s trading session, as bears pushed prices below a support point.

This was at the $1,620 floor which was tested on Monday, however on that occasion bulls were able to uphold the level, and in turn pushed price to a peak of $1,685.59.Since then, pressure has intensified, and like bitcoin, the 14-day RSI has moved below a support point of its own. As of writing, the relative strength index is tracking at 55.55, following a recent breakout of a floor of 58.

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