) was trading at $1283.82 at press time. This level was a drop after ETH lost the psychological $1300 mark it reached after a recent rally last week.ETH price pullback targets 78.6% Fib level: can it hold?ETH reached $1310 after BTC reclaimed $17K on Thursday . The 4-hour chart showed ETH had risen since Tuesday with negligible price corrections. There was one price correction at press time, but it was not negligible.
The Relative Strength Index , which is used to gauge buying and selling pressure, was tilted against buying pressure. Specifically, the RSI retreated from the overbought territory and sloped downward. Thus, buying pressure was decreasing, and sellers may gain an advantage in the near future.
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