At press time, the largest altcoin in the world has seen a decrease of 3.7% over the past day and 2.5% over the past week as the market awaits the approval of the S-1 forms for the ETFs. So, is the rally over already?
The RSI, sitting around 45, also indicated a lack of strong buying momentum, with values leaning more toward the oversold territory, but not conclusively so.Ethereum’s social volume has also declined significantly, suggesting that public interest in and sentiment toward the altcoin are low.
Source: Digital Coin News (digitalcoinnews.net)
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