/USD slipped to a bottom of $1,582.18 earlier in the day, as bulls were unable to sustain Sunday’s high at $1,653.73.
Yesterday’s peak saw the world’s second largest cryptocurrency climb to its strongest point in one week, however traders used this as an ideal moment to secure recent gains.The move saw ethereum marginally break out above a ceiling at $1,650, however bearish sentiment around this mark has reigned supreme over the last three months.
A breakout below a floor of 60.00 on the RSI also contributed to the decline, with the index now tracking at 58.40.could be heading towards a floor at $1,550.Tags in this story
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Lizzie Martin
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Waiting for the FOMC meeting.
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