Ethereum was trading below $2,800 to start the weekend, as crypto bears extended recent market sentiment.
This drop in price comes as price strength has also firmly entered oversold territory, after breaking below the 44.20 floor of the 14-day RSI.
We are now tracking at 43.55 on this indicator, which is its lowest reading since February 3, where bitcoin was traded at a low of $36,200. Despite the recent fall, there still seems to be the possibility of further declines, should downside momentum continue to persist.was on the verge of falling below $2,700 as of writing, as the #2 cryptocurrency continued to extend this week’s losing streak./USD fall to an intraday low of $2,712.96 during today’s session, as such maintaining a two-week low in the process.
Looking at the chart, the Relative Strength Index on 14-days has also slipped to multi-week lows, and currently tracks at 41.28, its lowest point since February 2.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bloody Weekend Watch: BTC Fights for $40K, ETH Dumps Below $2.8KThe weekend starts with more price drops from most crypto assets, as bitcoin fights for $40,000 and ETH is well below $3K.
Read more »
Multichain recovers $2.6M stolen funds, to reimburse losses on conditionWhile Multichain managed to recover nearly 50% of the stolen funds, a total of 976.8628 WETH has been confirmed stolen.
Read more »
$2 Billion in SHIB Now Held by ETH Whales as Their Bet on Token IncreasesRecently shared data shows that top Ethereum whales now hold over $2 billion worth of Shiba Inu and have increased their bet on this cryptocurrency
Read more »
At Home’s sales topped $2 billion last year. Here’s why Dallas shoppers are just discovering itDallas shoppers are discovering a home décor retailer with sales last year of more than $2 billion that most of them have never heard of. Plano-based At...
Read more »
Bitcoin, Ethereum Technical Analysis: BTC, ETH Prices Fall Lower Against USD – Market Updates Bitcoin NewsCryptocurrency markets were trading lower for a second consecutive session, leaving bitcoin and ethereum both in the red.
Read more »