Despite an increase in adverse sentiment on Saturday, Ethereum held above the $1,800 mark. ETH\/USD hit a low of $1,817.41 earlier today after reaching a high of $1,847 the day before. The dip brought ETH close to Tuesday's low of $1,812, the cryptocurrency's lowest point since June 21.<\/p>\n\n\n\n
This latest decline occurred after the RSI fell below a crucial support level of 43.00. The relative strength index is now tracking at 41.57 at the time of writing. The bearish breakout of the immediate support at $1,838 indicates Ethereum price can initiate another bearish rally this week, targeting the long-term support near $1,712.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis; BTC Bulls To Face Massive Challange Near $28.5K, And The ETH Breaks Support At $1.8K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-bulls-to-face-massive-challange-near-28-5k-and-the-eth-breaks-support-at-1-8k","to_ping":"","pinged":"","post_modified":"2023-08-07 16:23:18","post_modified_gmt":"2023-08-07 06:23:18","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12944","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"};