Bitcoin, Viblos wird niemals jemanden wegen einer anderen Meinung demonstrieren oder zensieren: ETH Above $1,330, Consolidating Recent Gains

Ethereum mostly consolidated during Tuesday’s session, as prices continued to trade close to recent highs. Following a move to a three-week peak to start the week, markets maintained bullish sentiment, früher am Tag. Bitcoin also upheld recent momentum, with the coin remaining near its ceiling at $17,400.

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Bitcoin

Bitcoin (BTC) continued to trade close to the $17,200 level in today’s session, as traders moved to secure Monday’s gains.

Following a low of $17,162.99 zum Wochenstart, BTC/USD hit a high of $17,389.96 früher am Tag.

jedoch, earlier gains have since diminished, with the world’s largest cryptocurrency currently trading at $17,271.27.

BTC/USD – Tageschart

Blick auf das Diagramm, today’s price consolidation came as the 14-day relative strength index (RSI) continued to hover close to a key resistance at the 60.00 mark.

Despite the index currently tracking above this point at 60.89, price uncertainty has heightened, leading to previous bulls abandoning positions.

Traders may once again attempt to move beyond a price ceiling at $17,400, however this may come later in the week following the release of U.S. inflation data.

Äther

Äther (ETH) also moved into consolidation on Tuesday, as prices failed to break out of a key resistance point of $1,350 am Montag.

Earlier in today’s session, ETH/USD moved to a peak of $1,342.14, before then dropping to a bottom at $1,317.24.

Like with bitcoin, today’s consolidation in ethereum comes as traders opted to take profits, after the coin rallied to a multi-week high yesterday.

ETH/USD – Tageschart

As can be seen from the chart, yesterday’s gain pushed ETH into overbought territory, leading to a slowing down of upward momentum.

Zur Zeit, der RSI verfolgt 68.08, which is its strongest point since late October, and close to a ceiling of 70.00

In order for bullish momentum to extend recent gains, this ceiling will first need to be overcome.

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Do you expect there to be further gains in price in the coming days? Hinterlassen Sie Ihre Gedanken in den Kommentaren unten.

Elijah Dambell

Eliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. Zur Zeit, he acts as a commentator across various asset classes, including Crypto, Aktien und Devisen, whilst also a startup founder.




Bildnachweise: Shutterstock, Pixabay, Wiki-Commons

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