ETH remains below $1,100 despite Wednesday's rebound.
Bitcoin, Ethereum Technical Analysis: ETH Remains Below $1,100 Despite Prices Rebounding on Wednesday
was also marginally higher, its price was once again trading under $1,100. Overall, crypto markets were nearly 1% higher as of writing.Bitcoin was trading slightly higher on Wednesday, however prices of the token are still under $20,000 following a recent sell-off. However, following a four-day losing streak, sentiment remains bearish, with bulls somewhat tentative about taking long positions.Today’s bounce came as the 14-day RSI also rose, briefly breaking out of its previous support, which is now acting as a new resistance level at 37.40.
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