Cryptocurrency markets have seen a slight decline this week with Bitcoin and Ethereum markdowns, potentially indicating a downward market movement. Bitcoin (BTC) has come close to ‘Death Cross’ wherein its 10-day (red) and 25-day (blue) moving averages might cross. This crossover could lead to BTC breaking its $27,000 level. Ethereum (ETH) is currently trading above the price support of $1,830, but bulls have not been able to recapture the $1,900 mark.

The 14-day relative strength index (RSI) has contributed to the lack of bitcoin and Ethereum price increase, hovering close to 42.00 for BTC, and close to 44.00 for ETH. The RSI represents average gains and losses of an asset over a certain period of time, and as of writing, shows 44.11 for BTC, and 45.58 for ETH.

The downtrend in bitcoin has pushed its price lower in the past few days, falling over 7% from its peak at $30,000 from the same period last week. Ethereum has followed suit and is trading at a 12.4% decrease from Sunday's high at $1,888.19, with a current low of $1,831.16.

Overall, it appears that the cryptocurrency market is seeing a slight downward shift, and BTC and ETH markets will stay close to their price floors, with bulls needing to push price higher in order to break the $1,900 or $27,000 marks. The success of this break depends on the RSI as well, which needs to hit above 52.00 for BTC and above 44.00 for ETH in order to indicate an upwards trend.



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