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Bitcoin, Ethereum Technical Analysis: ETH Falls to 9-Day Low Below $1,300 – Market Updates Bitcoin News

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ETH drops below $1,300, as USD strength returns.

/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

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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 💰!

Cool, I only listen to ChiefraFba for signals!

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