Altcoin bears encountered robust backing for the dominant cryptocurrency, resulting in Ethereum’s value stabilizing below $3,000 alongside MTGOX. Consequently, the price of ETH experienced a drop to $2,850. The Relative Strength Index (RSI) has entered oversold territory. While there haven’t been persistent downturns in the cryptocurrency market, an upturn in prices could be anticipated. Nevertheless, there remains a looming threat of a substantial sell-off worth $8.5 billion involving Germany’s 40,000 BTC and MTGOX. Should these on-chain indicators persist in signaling caution, anomalous pricing might manifest under unfavourable circumstances. Stay informed with the latest tech updates by visiting NEWSLINKER.
