1 hour ago
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Key Takeaways
- ETH down 4.61% at $2,037, low $2,006.
- 200-day SMA at $2,154 lost on consecutive closes.
- Blue trendline near $2,090 broke today.
- Daily RSI at 28.84, first sub-30 since June.
Tuesday’s selling across crypto followed the October CPI report, the release that also preceded Bitcoin’s dip under $74,000. The readings below come from the Binance daily chart at 16:16 UTC.
The gap from August is filled
The late-August rally printed almost no sessions between $2,000 and $2,500. ETH crossed that distance in two candles with little two-way trading in between, so when the 0.382 retracement near $2,307 gave way last Thursday there was no shelf underneath it. Price fell through the whole August range in four sessions.
The August gap, both directions
$2,500
Reached in late August, just under the 0.236 near $2,497
Reached in late August, just under the 0.236 near $2,497
$2,307
0.382, lost on November 5
0.382, lost on November 5
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