BTC, ETH consolidate on Saturday, as markets continue to digest the latest U.S. payrolls report.
) was also in the red on Saturday, as the price of the world’s second largest cryptocurrency fell below a key resistance point./USD fell to a low of $1,275.09 earlier in today’s session.
This drop sees ethereum move below its recent ceiling at the $1,285 level, despite a recent upwards crossover of the 10-day and 25-day moving averages.Looking at the chart, today’s drop came as the RSI fell below its long-term support point at 51.70. It is now tracking at 51.42, as of writing. Traders still seem to be optimistic about a potential move above $1,300, however, the RSI will likely need to surge beyond the 52.00 mark.move towards a ceiling of $1,370.Tags in this story
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