Ethereum moved back above $1,200 jeudi, as markets continued to react to the latest Federal Open Market Committee (FOMC) minutes. Yesterday’s report hinted that the U.S. Federal Reserve could pivot to smaller interest rate increases “soon.” Bitcoin was largely unchanged in today’s session.
Contenu
Bitcoin
Bitcoin (BTC) mostly consolidated on Thursday, following news that the U.S. Federal Reserve could be set to move away from its aggressive rate hike policy.
Wednesday’s FOMC minutes showed that “A substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate.”
The news comes as inflation in the United States begins to slow down, following several back-to-back rate hikes.
Following a move to an intraday high of $16,771.48 mercredi, BTC/USD is trading at $16,544.58 as of writing.
En regardant le graphique, this comes as the 14-day relative strength index (IRS) failed to break out of a ceiling at 40.35.
Actuellement, the index is trading at the 39.90 level, with momentum now moving towards a downtrend, and in particular to a floor of 38.00.
Ethereum
D'autre part, ethereum (ETH) moved higher in today’s session, with the token climbing above the $1,200 level.
ETH/USD rose to a high of $1,211.63 tôt dans la journée, moins que 24 hours after trading at a low of $1,153.53.
The move saw ethereum race above a recent resistance level of $1,180, hitting a five-day high in the process.
As can be seen from the chart, the rise in price comes as the RSI climbs above a ceiling at 42.00, et suit actuellement à 42.50.
Malgré cela, there is a higher point of resistance at 43.00, which triggered some earlier bulls to liquidate their positions.
In order to reach $1,250, which appears to be the target for remaining bulls, the RSI will first need to move beyond 43.00.
Register your email here to get weekly price analysis updates sent to your inbox:
Do you expect any further surges in ETH cette semaine? Leave your thoughts in the comments below.
Crédits image: Shutterstock, Pixabay, Wiki Commons
Avertissement: Cet article est à titre informatif seulement. Il ne s'agit pas d'une offre directe ou d'une sollicitation d'offre d'achat ou de vente, ou une recommandation ou une approbation de tout produit, prestations de service, ou des entreprises. Bitcoin-Tidings.com ne fournit pas d'investissement, impôt, légal, ou conseil comptable. Ni la société ni l'auteur ne sont responsables, directement ou indirectement, pour tout dommage ou perte causé ou prétendument causé par ou en relation avec l'utilisation ou la confiance accordée à tout contenu, biens ou services mentionnés dans cet article.
Lire avertissement