ETH Drops 5.1% to $2,563, Testing Key Support Levels
- —ETH at $2,563.17, down 5.10% from the open and 1.80% from the prior close
- —Trading volume of $16.74 billion, 18.40% above the 30-day average
- —Price below the 7-, 15- and 30-day SMAs; RSI at 45.3, stochastic at 8.6%
- —Market cap of $313 billion, 48.2% below the all-time high of $4,948.08
Why it matters: Losing short-term averages and a potential pause in BitMine's buying weigh on demand; holding the 50-day SMA will set the next move.
Source: DiarioBitcoin