ETH drops to lowest point since July, as post-Merge sell-off continues.
/USD started the week trading at a high of $1,783, however it fell to a bottom of $1,415.58 earlier today.
The move saw ethereum fall below its support point of $1,430, hitting its lowest point since July 26 in the process.As seen from the chart, the decline came as the RSI collided with a support of its own, at the 38.70 mark. This landing spot has helped stabilize prices, with the earlier bleeding somewhat halted for the time being.
If we were to see this floor broken, then it is likely that bears will look to target the $1,350 level as a potential exit point.Tags in this story
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