Mastering Crypto
08/01 14:59
ETH/USDT Price Analysis
Ethereum (ETH) was also in the red to start the month, as the cryptocurrency dropped to a multi-week low.
ETH/USD retreated to an intraday low of $1,818.41 on Tuesday, after Monday’s peak at the $1,872.17 level.
As a result of this decline, ethereum fell for a third straight session, hitting its weakest point since June 28.
Similar to bitcoin, today’s sell-off came as the RSI fell below a floor at 43.00. It is now at a reading of 41.96.
Overall, it appears that bears are targeting the $1,795 level, which was last hit on June 21.
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