Bitcoin, Ethereum Technical Analysis: BTC Falls Below $28,000 as Losses Intensify – Market Updates Bitcoin News

Two days after hitting a peak at $2,105,This decline has resulted in the world’s second largest cryptocurrency now trading at its lowest level in eight-days.Overall, ethereum is trading nearly 10% lower than at the same time last week, when it rose above $2,000 for the first time since last May.

The RSI has also significantly dropped, with the index breaking out of a floor at the 53.00 level, and it is now at a reading of 49.46.Register your email here to get weekly price analysis updates sent to your inbox:

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