ETH Falls 2.31% to $2,325, Tests Support at $2,316
- —ETH trades in a $2,315.95–$2,365.39 range, below its 7, 15, 30 and 50-day SMAs
- —RSI at 32.9 and stochastic at 12.5 signal oversold conditions
- —Volume of $9.25 billion is 20.51% below the 30-day average
- —A report cites $103.3 million in net ETH ETF outflows
Why it matters: Holding $2,316 will decide whether ETH stages a technical rebound or extends losses toward its 200-day SMA at $2,155.
Source: DiarioBitcoin