Bitcoin, Ethereum Technical Analysis: ETH Below $1,900 as Ethereum Foundation Comments on Gas Fees
Ethereum was once again trading below $1,900 during Thursday’s session, as the Ethereum Foundation clarified speculation surrounding The Merge. It was recently rumored that the move will reduce gas fees, however these claims were somewhat dismissed. Bitcoin was also lower, as it continued to trade below $24,000.) fell lower for a fifth straight session, as the token moved closer to a price floor at the $23,030 level.
Thursday saw bitcoin slip to an intraday low of $23,243.35, which is the weakest point it has traded at since August 10. The move comes as the 10-day moving average has finally shifted its direction, and now seems to be downward facing.
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