Bitcoin, Ethereum Technical Analysis: ETH Nears 2-Month Low, as Post-Merge Sell-Off Continues

Bitcoin, Ethereum Technical Analysis: ETH Nears 2-Month Low, as Post-Merge Sell-Off Continues


Ethereum continued to fall on Saturday, as the token’s post-Merge sell-off intensified to start the weekend. Prices of the world’s second largest cryptocurrency fell to their lowest level since July, as bearish sentiment in the market remained high. Bitcoin was also lower today, once again trading below $20,000.

Bitcoin

Bitcoin (BTC) was once again trading below $20,000, as bearish sentiment in the token remained to start the weekend.

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BTC/USD slipped to an intraday low of $19,400.08 earlier in the day, which is a level that has historically been a price floor.

Following the collision with this support point, bulls reentered the market, attempting, and being briefly successful, in taking prices to a high of $20,021.74.

As a result of the high level of volatility, prices

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