ETH, BTC start the weekend trading lower.
Following a peak of $1,290.06 on Friday,As a result of today’s drop, the world’s second largest cryptocurrency moved closer to a recent floor of $1,230.From the chart, it seems that today’s consolidation comes as bulls failed to break out of a resistance point at $1,300.
As of writing, ethereum now seems as though it is heading for its aforementioned floor at the $1,230 point. This comes as the 10-day moving average now appears to have halted recent gains, and is slowly shifting downwards.Tags in this story
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