Cryptocurrency Buy Signal: Assessing Doge and ETH in Light of Trump Tariffs
Monday, 3 February 2025, 14:32
Market Analysis Amid Tariffs
Risk-off sentiment dominates the cryptocurrency scene following the latest Trump tariffs on Canada, Mexico, and China, leading to significant liquidation events.
ETH Entering Oversold Territory
Ethereum (ETH) has recently slipped into oversold status, making it a candidate for potential recovery.
- ETH is trading at $2,628.68, down 8.37% in 12 hours.
- Recent RSI shows a 12-hour reading of 28.79.
Institutional buying suggests ETH's fundamentals remain solid despite market dips.
Doge's Oversold Status
Dogecoin (DOGE) has also hit oversold levels.
- DOGE trades at $0.25777 after a 3.79% decline.
- 12-hour RSI at 26.9 indicates substantial selling pressure.
Both ETH and DOGE investors should monitor these signals for signs of a possible market reversal.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.