Bitcoin, Ethereum teknisk analyse: ETH nærmer sig 2-måneders lav, efterhånden som salg efter sammenlægning fortsætter

Ethereum continued to fall on Saturday, as the token’s post-Merge sell-off intensified to start the weekend. Prices of the world’s second largest cryptocurrency fell to their lowest level since July, as bearish sentiment in the market remained high. Bitcoin was also lower today, once again trading below $20,000.

Indhold

Bitcoin

Bitcoin (BTC) was once again trading below $20,000, as bearish sentiment in the token remained to start the weekend.

BTC/USD faldt til et lavpunkt i løbet af dagen på $19,400.08 tidligere på dagen, which is a level that has historically been a price floor.

Following the collision with this support point, bulls reentered the market, attempting, and being briefly successful, in taking prices to a high of $20,021.74.

Bitcoin, Ethereum Technical Analysis: ETH Nears 2-Month Low, as Post-Merge Sell-off Continues
BTC/USD – Dagligt diagram

As a result of the high level of volatility, prices have since moved away from those highs, med BTC currently trading at $19,854.17 i skrivende stund.

Ser på diagrammet, the 14-day relative strength index (RSI) continues to track near a floor of 41.10.

Some do not expect any significant moves in bitcoin until the index moves away from this point, and starts climbing towards a ceiling at the 50.00 level.

Ethereum

It has been a turbulent week for ethereum (ETH), as volatility pre and post-Merge sent prices down by over $300.

ETH/USD started the week trading at a high of $1,783, however it fell to a bottom of $1,415.58 tidligere i dag.

The move saw ethereum fall below its support point of $1,430, hitting its lowest point since July 26 in the process.

Bitcoin, Ethereum Technical Analysis: ETH Nears 2-Month Low, as Post-Merge Sell-off Continues
ETH/USD – Dagligt diagram

As seen from the chart, the decline came as the RSI collided with a support of its own, at the 38.70 mærke.

This landing spot has helped stabilize prices, with the earlier bleeding somewhat halted for the time being.

If we were to see this floor broken, then it is likely that bears will look to target the $1,350 level as a potential exit point.

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Do you expect further decline within ethereum this weekend? Efterlad dine tanker i kommentarerne nedenfor.

Elijah Dambell

Eliman bringer et eklektisk synspunkt til markedsanalyse, he was previously a brokerage director and retail trading educator. I øjeblikket, han fungerer som kommentator på tværs af forskellige aktivklasser, inklusive Crypto, Aktier og valuta.




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