#ETH/USDT 1DAY UPDATE BY CRYPTOSANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
ethereum UPDATE:- (ETH) has remained mostly lower in today’s session, with the token unable to rebound from earlier declines.
ETH/USD slipped to an intraday low of $1,272.98 on Tuesday, which sees the world’s second largest cryptocurrency hit its lowest point in over a week.
After threatening to break out of its floor of $1,300 on Monday, bearish pressure intensified today, ahead of the inflation report from the United States.
As of writing, ethereum continues to trade below $1,300, however prices have moved away from the earlier low.
Today’s move has pushed the 10-day (red) moving average closer to an upwards crossover with its 25-day counterpart.
Bulls will likely be using this as a sign to reenter the market in coming days, thus sending prices back above $1,300, and closer to $1,400.
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