Ethereum closed in on the $1,700 level on Wednesday, as markets reacted to comments from U.S. Federal Reserve Chair Jerome Powell. Speaking after Tuesday’s session, Powell hinted that the Fed could continue to hike rates, should the data show the need for action. Bitcoin was also boosted by the news, climbing back into the $23,000 region.
ビットコイン (BTC) moved higher on Wednesday, following comments from Federal Reserve Chair Jerome Powell.
Speaking yesterday, Powell stated, “The reality is we’re going to react to the data. So if we continue to get, for example, strong labor market reports or higher inflation reports, it may well be the case that we have to do more and raise rates more than is priced in.”
BTC/USD rose to an intraday high of $23,367.96 今日の早い時間, 未満 24 hours after hitting a low of $22,781.95.
チャートを見ると, the move pushed bitcoin to its strongest point in four days, and came as the 14-day relative strength index (RSI) ran into a ceiling.
The index rose to a ceiling at 65.00, however momentum was not strong enough to break out of this point.
執筆時点, the index is tracking at 62.92, と BTC falling from earlier highs, and currently trading at $23,195.36.
イーサリアム (ETH) extended recent gains today, with prices breaking out of a key resistance point in the process.
Following a low of $1,628.67 火曜日に, ETH/USD jumped to a peak of $1,688.53 during the hump-day session.
As a result of today’s gains, the world’s second largest cryptocurrency climbed past a resistance level at $1,675.
Similar to bitcoin, this move pushed ETH to its highest point since Saturday, with the RSI also hitting a four-day peak.
At the time of writing, the index is at a reading of 62.97, which is slightly below a ceiling at 64.00.
ETH bulls will likely attempt to break this resistance in the coming days, which will inevitably mean prices move back above $1,700.
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画像クレジット: シャッターストック, Pixabay, ウィキ・コモンズ
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