This change in market momentum caused the RSI to lose steam and fall to its lowest point since March. The indicator is under 40.00, near oversold territory and could have a modest favourable impact on bulls.<\/p>\n\n\n\n
The immediate support at $1,712 remains crucial as a potential bearish breakout of this level may push the price near $1.5K.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Heading To The Support At $25,000, ETH Plots A Bearish Breakout Of The Symmetrical Triangle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-heading-to-the-support-at-25000-eth-plots-a-bearish-breakout-of-the-symmetrical-triangle","to_ping":"","pinged":"","post_modified":"2023-06-12 02:16:44","post_modified_gmt":"2023-06-11 16:16:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11966","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Ethereum plotted a solid bearish breakout of the symmetrical triangle on the daily chart, transforming the current price consolidation into an overall bearish mode.<\/p>\n\n\n\n
This change in market momentum caused the RSI to lose steam and fall to its lowest point since March. The indicator is under 40.00, near oversold territory and could have a modest favourable impact on bulls.<\/p>\n\n\n\n
The immediate support at $1,712 remains crucial as a potential bearish breakout of this level may push the price near $1.5K.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Heading To The Support At $25,000, ETH Plots A Bearish Breakout Of The Symmetrical Triangle","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-heading-to-the-support-at-25000-eth-plots-a-bearish-breakout-of-the-symmetrical-triangle","to_ping":"","pinged":"","post_modified":"2023-06-12 02:16:44","post_modified_gmt":"2023-06-11 16:16:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11966","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};