BTC edges closer to $17,000, as crypto markets consolidate on Christmas Eve.
Following a low of $1,216.34 on Friday,As a result of today’s move, ethereum once again attempted to break out of a key ceiling at the $1,230 level.Looking at the chart, the breakout did not occur, mainly due to the RSI also remaining below a ceiling of its own at 47.50.
As of writing, the index is tracking at 47.12, with momentum appearing to be bearish as a result of the direction of moving averages . The 10-day MA extended its downward cross with its 25-day counterpart, which typically is a sign of price declines.Tags in this story
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