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Breaking: ETH/USD falls below $100 psychological level

Breaking: ETH/USD falls below $100 psychological level
FXStreet TeamFXStreet TeamFXStreet

ETH/USD daily chart

ETH/USD daily chart

ETH/USD has fallen from $109.95 to $95.25. In the process, it dropped below the key $100 psychological level. The facts that ETH/USD  is hovering below the 20-day Bollinger Band and that the RSI is inside the oversold territory both indicate that the asset is currently heavily undervalued. The SMA 50 has crossed over the SMA 20, which is another bearish sign. The last time ETH/USD was priced below $100 was back in December 2018.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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