Ethereum fell by 6 %, Crypto Red Wave returns - market tactualizations

Bitcoin and Ethereum experienced an expansion of the latest losses on Thursday, since the global cryptocurrency markets decreased during today's session. Solana was also in the minus and was acted almost 15 % lower today.

Bitcoin

after the drop in the price on Wednesday bitcoin Writing by 5.25 % lower.

This sale meant that the prices reached an intraday low of $ 36,375.54 after they had reached a high of $ 38,437.68 during the market session on Wednesday.

As a result, the Bitcoin price moved closer to the support of $ 35,000, a point that it has not reached since January 27th.

In addition, the 14-day RSI fell down again, this time fell below the middle lower limit of 35 and crawled deeper into the oversold area.

The RSI is currently 34, but if the dynamics extend further down this week, we could see that this indicator falls up to 29.

bulls may have to rate short-term positions because the red wave seems to reappear.

ether

After a strong start to February, in which Ethereum rose to an 11-day high last Tuesday, the prices have now moved back towards the bear area.

eth /USD broke out at the beginning of the week over the resistance level of 2.600 $ from, but after two consecutive sales days it was traded again at this level.

During today's session, the prices fell to an intraday low of $ 2,589.55 and fell by up to 6 %, whereby the RSI is now 38.

at the time of writing, eth /USD seems to be used as support, RSI level of 37 also acts as a lower limit.

Will the sale at these current levels down? Leave your thoughts in the comments below.

Eliman Damell

Eliman brings a diversified view of the market analysis after working as a broker director, trainer in retail and market commentator in the areas of crypto, stocks and foreign exchange.

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