BTC was fast approaching its support level of $40,000 on Friday, as February’s NFP report beat expectations.
is also down for a third straight day, with the price of the world’s second-largest crypto down 7% as of writing./USD hit intraday high of $2,891.03, however these gains were short lived, and ethereum is now trading at $2,702.07.
This is marginally higher than today’s low of $2,680.50, however as Friday’s session matures, many expect further drops in price.The floor of $2,550 seems to be the target of bears, which have been firmly present since prices were trading at the $3,000 resistance point. Price strength has now also moved into oversold territory, with the 14-day RSI tracking at 44.8. From the looks of it, though, the 39 level could be a realistic floor.
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