Ethereum's decline continued on Saturday as the world's second-largest cryptocurrency fell below its key support level. EUR/USD fell to an intraday low of $2,888.66 today, which is the lowest ETH price since February 4. This eight-day low occurs when price strength has fallen into oversold territory, breaking through the neutral 50 zone on the 14-day relative strength index. The recent momentum means that ETH is trading more than 3% lower over the past seven days, negating the significant gains made during the week.
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