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Bitcoin, Ethereum Technical Analysis: ETH Falls to 15-Month Low to Start the Weekend – Market Updates Bitcoin News

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Ethereum falls to its lowest point since March 2021.

fall to its lowest point in over a year, as prices of the world’s second-largest crypto token plunged./USD fell by nearly $300, hitting a bottom of $1,583.10 earlier in today’s session.

This is the lowest level prices have hit since March last year, and comes as prices broke out of support at $1,720.Following days of consolidation, price strength also waned, with the RSI seeing its floor of 36 easily broken. As of writing, the indicator is now tracking at 30.96, which is close to a lower support level of 29.30.to fall lower in the coming days, and this floor in the RSI could be a point that bears are targeting.

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