ETH Falls 4.07% to $2,295 as RSI Nears Oversold Territory
- —ETH at $2,295.88, down 4.07% on the day and 22.70% year-to-date
- —RSI at 31.2 and stochastic at 1.8 point to possible oversold conditions
- —Daily volume of $9.38B is 20.54% below the 30-day average
- —Price is below the 7-, 30- and 90-day SMAs but above the 200-day at $2,154.58
Why it matters: The decline lacks volume confirmation, so holding above the 200-day SMA will decide whether this is a correction or a trend change.
Source: DiarioBitcoin