\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"};

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\n

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"};

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\n
\"Bitcoin
ETHUSD<\/a> tests the immediate support near $1,712 following the triangle breakout. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n

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"};

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\n

<\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
\"Bitcoin
ETHUSD<\/a> tests the immediate support near $1,712 following the triangle breakout. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n

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"};

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\n
  • ETH will remain at risk of entering a long-term downtrend if the price breaks the support at $1,712.<\/li>\n<\/ul>\n\n\n\n

    <\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
    \"Bitcoin
    ETHUSD<\/a> tests the immediate support near $1,712 following the triangle breakout. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n

    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"};

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    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

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    \n
  • The bearish breakout of the symmetrical triangle on the daily chart indicates a downtrend ahead.<\/li>\n\n\n\n
  • ETH will remain at risk of entering a long-term downtrend if the price breaks the support at $1,712.<\/li>\n<\/ul>\n\n\n\n

    <\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
    \"Bitcoin
    ETHUSD<\/a> tests the immediate support near $1,712 following the triangle breakout. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n

    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"};

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    \n
  • Bears were noticeable in Ethereum, which started the weekend below the $1,800 mark.<\/li>\n\n\n\n
  • The bearish breakout of the symmetrical triangle on the daily chart indicates a downtrend ahead.<\/li>\n\n\n\n
  • ETH will remain at risk of entering a long-term downtrend if the price breaks the support at $1,712.<\/li>\n<\/ul>\n\n\n\n

    <\/a>Ethereum Technical Analysis<\/h2>\n\n\n\n
    \"Bitcoin
    ETHUSD<\/a> tests the immediate support near $1,712 following the triangle breakout. Source: The Distributed.<\/figcaption><\/figure>\n\n\n\n

    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"};

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    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

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    \n