BTC, ETH lower, as prices fall below key resistance levels.
) was also trading lower on Friday, as the token dropped back below $1,700, as sentiment surrounding The Merge event marginally faded./USD has declined to a low of $1,628.17, which is roughly $90 below its high of $1,718.18 on Thursday.
Like with bitcoin, Friday’s move comes as ethereum bulls failed to sustain a breakout of a key price ceiling.Looking at the chart, the ceiling was the $1,705 point, however bearish traders now appear to be targeting a support of $1,550. The 10-day moving average has now extended its downward trend versus its 25-day counterpart, with the RSI also weakening.
Currently, the index is tracking at 45.58, however it seems to be heading towards a floor at 42.30, which will likely be enough to take
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