Bitcoin, Viblos wird niemals jemanden wegen einer anderen Meinung demonstrieren oder zensieren: ETH Heads Towards $1,200 Breakout on Saturday

Ethereum was once again nearing a breakout of its $1,200 eben, as bearish sentiment returned to start the weekend. Following price rebounds on Friday, cryptocurrency markets were back in the red, and are trading 0.68% lower as of writing. Bitcoin also slipped in today’s session.

Bitcoin

Bitcoin (BTC) was once again trading lower to start the weekend, as the token moved back towards a recent price floor.

BTC/USD fell to an intraday low of $16,564.61 in der heutigen Sitzung, which comes less than a day after hitting a high of $16,795.20.

The move sees BTC move closer to this week’s support point of $16,000, which has been in place since the FTX collapse.

Blick auf das Diagramm, today’s drop in price comes as a hurdle was hit on the 14-day relative strength index (RSI).

This wall of 38.00 on the indicator has seemingly prevented bulls from recapturing the $17,000 mark, and in turn opened the door to a bearish reentry.

Should Saturday’s bearish momentum continue to intensify throughout the course of the weekend, BTC will likely edge closer to $16,000.

Äther

In addition to BTC, Äther (ETH) also stumbled lower on Saturday, with prices nearing a breakout of the $1,200 eben.

Nach einem Hoch von $1,222.20 am Freitag, the world’s second largest cryptocurrency dropped to a low of $1,200.48 heute früher.

The move came as ETH/USD fell below a recent ceiling of resistance at $1,220, with bulls now fighting to reject any further declines.

Stand des Schreibens, ETH is trading at $1,209.44, as traders have so far rejected a drop below $1,200.

This is due to two things, first the 10-day (red) moving average has begun to trend upwards, which has brought back a level of bullish sentiment to the token.

In addition to this, the 14-day relative strength index (RSI) continues to track above a key floor of 37.75, which appears to be a major reason why we haven’t seen any further significant sell-offs.

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Could we see ethereum fall below $1,200 this weekend? 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 retail trading educator. Zur Zeit, he acts as a commentator across various asset classes, including Crypto, Aktien und Devisen.

Bildnachweise: Shutterstock, Pixabay, Wiki-Commons