Ethereum is in a firm bear hold with both moving midpoints inclining down and the RSI in the oversold domain. The bulls are attempting to guard the mental level of $200 yet can't push costs higher.
A break beneath the September 6 lows will expand the likelihood of a tumble to the example focus of $192.93.
After the ongoing breakdowns, we trust that the ETH/USD match should experience a long bottoming process before another uptrend begins. Traders should sit tight for the decay to end and another bullish example to shape before endeavoring a purchase.
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