Ahead of Wednesday's FOMC meeting, BTC sits below $40,000, whilst ETH is under $2,900.
Following a low of $2,785.52 during Monday’s session,Despite trading over 1% higher on Tuesday, ethereum is trading roughly 5% lower in the last seven days, and over $700 lower in the last month.Currently, the 14-day RSI is tracking at 43.40, which has long been a floor, and should this point once again act as such, we could be looking at a potential rebound this week.
The obvious price target would be the $2,950 resistance level, however should bulls come out and push the RSI to a ceiling of 40, then we will likely see
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