Now trading around $40,200, bulls remain set on keeping prices above $40,000, despite the momentum of the 10-day and 25-day moving averages mainly being bearish.
The 14-day RSI also continues to track in oversold territory, after failing to break out of the 42.65 resistance level earlier this week. Looking at the chart, we may continue to see more price consolidation, until a breakout occurs on either the floor of 38, or ceiling of 42 on the RSI indicator.Like bitcoin, ethereum also traded near its long-term support point of $3,000 on Friday, following a failed attempt to move past a key resistance level./USD fail to break out of its ceiling at $3,150, which then resulted in prices falling back towards support of $3,000.
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