Bitcoin’s Dec.8 breakdown to $17,650 weighed heavily on most altcoins and Ether was not spared from the carnage.
As the price of Bitcoin (BTC) dropped precariously close to a large CME gap at $17,000, Ether (ETH) price fell below the 20-MA to $529. At this level, Ether became oversold on RSI and the bounce from that region was strong enough to bring the price back to the 20-MA.
At the time of…
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