Following a weekend of bearish stress, BTC’s worth fell to its lowest stage in over a month. ETH additionally neared a one-month low, which got here as costs as soon as once more slipped beneath $3,000. Total, the cryptocurrency market cap is down practically 4% as of writing.
Trying on the chart, in the present day’s drop pushed the 14-day RSI to its personal flooring of 38, which is inside oversold territory.
Monday’s drop noticed ETH hit its lowest level in simply over three weeks, taking worth marginally beneath assist of $2,950 within the course of.