ETH moves towards $1,200 — markets cautious following Poland missile explosion.
/USD was trading by as much as 4% lower, dropping to a bottom of $1,218.84 in today’s session, a day after trading at a high of $1,283.20.
The move saw the token marginally break out of a recent support level of $1,220, which is typically the last line of defense prior to prices falling below $1,200.As we have seen with bitcoin, ethereum also encountered a ceiling on its 14-day RSI, failing to move beyond the hurdle of 43.00. Currently, the index is at a reading of 39.85, and should it decline below an upcoming floor of 38.00,The moving average of 10 days still seems to have further downward momentum to come, which may also be a signal of upcoming sentiment.Tags in this story
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