Ethereum Technical Analysis: to day 10.05.2023
Ethereum Technical Analysis: to day 10.05.2023
Admin 04 Sep, 2022

Ethereum

Ethereum (ETH) moved lower for a fourth straight session on Thursday, as the cryptocurrency closed in on a recent point of support.

Following a high of $1,654.43 on Wednesday, ETH/USD dropped to an intraday low of $1,632.72 earlier today.

This extended slippage pushed ethereum towards a floor at $1,620, which was last hit on September 29.

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Today’s fall in price came as the RSI marginally dropped below a support of its own at the 50.00 zone.

Currently, the indicator is reading 49.24, with a lower level at 44.00 a possible target for sellers in the market.