BTC below $16,000, ETH nears $1,100 breakout on Monday.
Bears seem to be targeting a floor of $1,100, however traders have so far rejected this proposition, with the token bouncing, and it is now trading at $1,120.26.
As can be seen on the chart, Monday’s drop in price coincided with the RSI breaking out of its own floor at 37.75, and it is now at 34.61. The momentum of the 10-day moving average has once again shifted, with the trendline suggesting that further declines could be on the way.Tags in this story
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