Bitcoin, Ethereum Technical Analysis: ETH Falls Below $1,600 as Relative Strength Sinks – Market Updates Bitcoin News

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ETH drops below $1,600, as bearish sentiment returns to crypto markets.

/USD slipped to a bottom of $1,530.80 on Wednesday, following a peak of $1,630.47 during Tuesday’s session.

Since breaking out of its $1,600 floor, ethereum appears to be heading towards a lower level of support at $1,500.Like with bitcoin, today’s red wave comes as bears have finally opted to reenter the market, as a result of prices being overbought. Ethereum’s 14-day RSI is currently sitting at 61.07, which is its lowest point since January 8, and this comes a day after breaking out of a floor at 74.00.could manage to stay above $1,500.Tags in this story

 

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I converted my eth to btc. Vitalik is a clown 🤡, Satoshi is jesus

GOOD

Market will not go in a straight line

Easy come. Easy go 😉

BTC_daytrader Let’s be clear to ourselves, we understand they’re lots of fake accounts with false crypto analysis, but not that I’m saying he's the best. I got to trust him because of how real and how profitable free signals he always gives. Kindly follow BTC_daytrader

If we didn’t have some kind of pullback I’d be worried. BTC, ETH, and BNB will be fine.

GMT unlock 5 days again DYDX unlock 8 days again

Kind of curious. A crypto pump while exchanges and lenders are all in court for bankruptcy proceedings. That's interesting 🤔 🙂

Or...........could be just a normal price corretion to make a higher low and keep going higher because everybody know that the price will never go up forever.

Ok then, I also listen to ChiefraFba for signals and analysis!..I have a 93% win rate in 3 months of copying his signals!

Brilliant, but using ChiefraFba for signals and analysis

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