Ethereum was in the red on Tuesday, as bears reentered the market following a failed breakout of a key resistance level. Prices failed to sustain yesterday’s move above $1,300, with momentum slipping in today’s session. Bitcoin was also lower, however is trading above $17,000 as of writing.
Contenido
Bitcoin
Bitcoin (BTC) was consolidating in today’s session, as prices retreated from Monday’s three-week high.
Following a peak of $17,371.00 to start the week, BTC/USD fell to an intraday low of $16,922.43 más temprano en el día.
This decline comes as traders have seemingly moved to secure gains, following yesterday’s surge in price.
Mirando el gráfico, the drop took place as the 14-day relative strength index (RSI) was also unable to climb past a ceiling of its own.
Al momento de escribir, the index is tracking at the 48.14 level, which is marginally below a ceiling of 50.00.
Should a breakout occur, it is likely that BTC will move back towards the $17,400 point in upcoming days.
Etéreo
Etéreo (ETH) was also in the red during Tuesday’s session, as a result of a failed breakout to start the week.
ETH/USD fell to a bottom of $1,252.47 más temprano en el día, which comes as bulls were unable to sustain a surge above the $1,300 marca.
Al momento de escribir, ETH is currently trading at $1,264.00, which is nearly 3% lower than Monday’s peak of $1,302.24.
Like with bitcoin, today’s decline in ethereum comes as the RSI moved below its ceiling at the 52.00 level.
Corrientemente, the index is at a reading of 50.18, with the world’s second largest cryptocurrency trading at $1,263.60.
The 10-day (red) moving average continues to hover above its 25-day (blue) counterpart, which typically is a sign of pending bullish sentiment.
Register your email here to get weekly price analysis updates sent to your inbox:
Will we see ethereum rebound in upcoming days? Leave your thoughts in the comments below.
Créditos de imagen: Shutterstock, pixabay, Wiki Commons
Descargo de responsabilidad: Este artículo es solo para fines informativos.. No es una oferta directa o solicitud de una oferta para comprar o vender, o una recomendación o respaldo de cualquier producto, servicios, o empresas. Bitcoin-Tidings.com no proporciona inversión, impuesto, legal, o asesoramiento contable. Ni la empresa ni el autor son responsables, directa o indirectamente, por cualquier daño o pérdida causado o presuntamente causado por o en relación con el uso o la confianza en cualquier contenido, bienes o servicios mencionados en este artículo.
Leer Descargo de responsabilidad