#ETH/USDT 1DAY UPDATE BY CRYPTOSANDERS

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ethereum UPDATE:- (ETH) has remained mostly lower in today’s session, with the token unable to rebound from earlier declines.

ETH/USD slipped to an intraday low of $1,272.98 on Tuesday, which sees the world’s second largest cryptocurrency hit its lowest point in over a week.

After threatening to break out of its floor of $1,300 on Monday, bearish pressure intensified today, ahead of the inflation report from the United States.

As of writing, ethereum continues to trade below $1,300, however prices have moved away from the earlier low.

Today’s move has pushed the 10-day (red) moving average closer to an upwards crossover with its 25-day counterpart.

Bulls will likely be using this as a sign to reenter the market in coming days, thus sending prices back above $1,300, and closer to $1,400.

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