Bitcoin, Ethereum Technical Analysis: ETH Falls Below $1,300 Following Monday’s False Breakout – Market Updates Bitcoin News

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Bitcoin, Ethereum Technical Analysis: ETH Falls Below $1,300 Following Monday’s False Breakout – Market Updates Bitcoin News
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ETH slips below $1,300, as bears return following Monday's surge in price.

Following a peak of $17,371.00 to start the week,This decline comes as traders have seemingly moved to secure gains, following yesterday’s surge in price.Looking at the chart, the drop took place as the 14-day relative strength index was also unable to climb past a ceiling of its own.

As of writing, the index is tracking at the 48.14 level, which is marginally below a ceiling of 50.00.will move back towards the $17,400 point in upcoming days.

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