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ongoing downward trendCoinGape
•Business
Business & Economics
68% Informative
Analysts see $ 1,060 as a possible downside target if ETH fails to reclaim $ 2,500 .
ETH /BTC remains in bearish trend with no confirmed bullish divergence on weekly charts.
The price is now trading below trendline support, which had been holding since the previous cycle bottom.
The Relative Strength Index (RSI) on the three-day chart remains below 30 , a level that often indicates oversold conditions.
The 50-day and 200-day Exponential Moving Averages continue to trend downward.
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