ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS
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#ETH/USDT UPDATE:-Ethereum (ETH) also returned to the red in today’s session, falling below $1,300.
Today’s sell-off saw ETH/USD drop to a bottom of $1,260.61, falling below a key price floor in the process.
The support above the level in this instance was the point of $1,270, which was last broken on October 13.
At that time, prices of the world’s second-largest cryptocurrency dropped below $1,200, and it appears that bears could once again be targeting a similar drop.
The next visible floor seems to be the $1,220 price floor, which could be reached if the RSI hits its own bottom of 36.70.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
#ETH/USDT UPDATE:-Ethereum (ETH) also returned to the red in today’s session, falling below $1,300.
Today’s sell-off saw ETH/USD drop to a bottom of $1,260.61, falling below a key price floor in the process.
The support above the level in this instance was the point of $1,270, which was last broken on October 13.
At that time, prices of the world’s second-largest cryptocurrency dropped below $1,200, and it appears that bears could once again be targeting a similar drop.
The next visible floor seems to be the $1,220 price floor, which could be reached if the RSI hits its own bottom of 36.70.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
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