Ethereum faces a bearish trend, witnessing a decline of 10% in 30 days.
The daily RSI at 40 suggests ETH’s stance in the oversold territory.
In the current bearish climate within the crypto world, Ethereum, the second-largest cryptocurrency, has undeniably felt the impact. Over the past 30 days, ETH has experienced a significant 10% decline, and in the last 7 days, it continued to slide with a 5% decrease.
Despite a brief surge at the end of August, driven by anticipation surrounding ETF approval following GBTC’s victory over the SEC, which propelled the price from $1,639 to $1,742, within just two days, it dropped to $1,634. Since then it has struggled to surpass the $1,670 range. Currently, ETH is trading at $1,650, fluctuating between $1,623 and $1,657.
The recent news of the SEC’s decision to delay ETF approval until 2024 has weighed heavily on Ethereum’s prospects. Amidst that, a day ago, the prominent investment management firm Ark Invest filed for first spot US Ether
We współpracy z: https://thenewscrypto.com/eth-bears-dominate-amidst-ethereum-etfs-updates/
