/USD slipped to an intraday low of $1,272.98 on Tuesday, which sees the world’s second largest cryptocurrency hit its lowest point in over a week.
After threatening to break out of its floor of $1,300 on Monday, bearish pressure intensified today, ahead of the inflation report from the United States.As of writing, ethereum continues to trade below $1,300, however prices have moved away from the earlier low. Today’s move has pushed the 10-day moving average closer to an upwards crossover with its 25-day counterpart.
Bulls will likely be using this as a sign to reenter the market in coming days, thus sending prices back above $1,300, and closer to $1,400.Tags in this story
Time to spend my Tether on the dips.
I'm spending more USDT on ETH below $1,300.
Over-shorted. Market will bounce back.
🚀Thankss a millon
The craziest airdrop is Live 💰!!
The craziest airdrop is Live 💰!
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