Bitcoin, Ethereum Technical Analysis: ETH Hits 1-Month Low, Falling Under $1,500 – Market Updates Bitcoin News

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Bitcoin, Ethereum Technical Analysis: ETH Hits 1-Month Low, Falling Under $1,500 – Market Updates Bitcoin News
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ETH falls under $1,500, hitting 1-month low, as BUSD depegs.

) continued to trade close to a multi-week low on Monday, as market sentiment remained bearish ahead of the upcoming U.S. inflation report./USD dropped to an intraday low of $21,539.50 to start the week.

As a result of the decline, bitcoin remains close to its lowest point since January 20, which is the last time prices were under $21,000.Looking at the chart, today’s move comes as the 14-day relative strength index maintains its proximity to a support point at 44.00. At the time of writing, the index is currently tracking at 45.80, with a resistance level of 50.00 an ideal target for remaining bulls.Ethereum

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