Following a low of $1,203.72 on Christmas Day,As a result of today’s move, ethereum continued to trade below its key resistance level of $1,230 for a sixth straight day.Looking at the chart, the failure to break out of this point comes as the RSI continued to hover near a resistance of its own at 48.00
As of writing, the index is tracking at 47.33, which comes after two weeks of residing under the 48.00 mark. Despite this, the 10-day moving average has begun to move closer to its 25-day counterpart, which could mean an upward cross is pending in the coming days.Tags in this story
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