Bitcoin, Protocole de prêt décentralisé Adalend Listing On: ETH Retour au-dessus $1,100 alors que BTC atteint brièvement 20 000 $ mardi

BTC briefly rose back above $20,000 mardi, comme États-Unis. markets reopened following yesterday’s Independence Day holiday. Prices of ETH also surged, climbing over its $1,100 resistance level. Globalement, the crypto market cap is trading 0.63% plus haut.

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Bitcoin

BK, bitcoin rallied back above $20,000, as traders returned from the U.S. Independence Day celebrations.

In what has been a highly volatile trading session, BTC/USD rose to an intraday peak of $20,405.12 tôt dans la journée.

toutefois, these gains were not sustained, with prices since moving to a low of $19,438.48, as bulls likely liquidated their positions.

Bitcoin, Ethereum Technical Analysis: ETH Back Above $1,100 as BTC Briefly Hits $20,000 on Tuesday
BTC/USD – Daily Chart

Au moment de l'écriture, prices are now trading at $19,447.73, which is roughly around 1.13% lower than today’s high.

En regardant le graphique, the drop comes as prices approached a short-term resistance point of $20,500.

Globalement, volatility continues to be high, with bearish pressure remaining present, and bears likely looking to take price below $19,000 in upcoming sessions.

Ethereum

ETH was also trading through turbulence on Tuesday, as prices moved above and below $1,100 over the course of the day.

After trading below $1,100 for the past few days, ETH/USD rose to a peak of $1,165.68 earlier in today’s session.

Unlike BTC, the world’s second largest token was mainly able to stay above this point, following previous highs.

Bitcoin, Ethereum Technical Analysis: ETH Back Above $1,100 as BTC Briefly Hits $20,000 on Tuesday
ETH/USD – Daily Chart

Although earlier gains have somewhat eased, ETH is currently still trading above $1,100, with bulls looking to move past a key resistance level.

This ceiling is the $1,150 point, where some bulls exited, however with the 10-day moving average on the cusp of an upward cross with the 25-day MA, bullish sentiment remains.

Should this cross take place, the pressure will likely increase, sending prices not only above the resistance, but potentially over $1,200.

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Do you expect ETH to go on a bull run this week? Leave your thoughts in the comments below.

Elie Dambell

Eliman apporte un point de vue éclectique à l'analyse de marché, avoir travaillé comme directeur de courtage, formateur en commerce de détail, et commentateur de marché dans Crypto, Actions et devises.




Crédits image: Shutterstock, Pixabay, Wiki Commons

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