Ethereum mostly consolidated during Tuesday’s session, as prices continued to trade close to recent highs. Following a move to a three-week peak to start the week, markets maintained bullish sentiment, prej čez dan. Bitcoin also upheld recent momentum, with the coin remaining near its ceiling at $17,400.
Vsebina
Bitcoin
Bitcoin (BTC) continued to trade close to the $17,200 level in today’s session, as traders moved to secure Monday’s gains.
Po nizki vrednosti $17,162.99 za začetek tedna, BTC/USD hit a high of $17,389.96 prej čez dan.
Vendar, earlier gains have since diminished, with the world’s largest cryptocurrency currently trading at $17,271.27.
Pogled na grafikon, today’s price consolidation came as the 14-day relative strength index (RSI) continued to hover close to a key resistance at the 60.00 označiti.
Despite the index currently tracking above this point at 60.89, price uncertainty has heightened, leading to previous bulls abandoning positions.
Traders may once again attempt to move beyond a price ceiling at $17,400, however this may come later in the week following the release of U.S. inflation data.
Ethereum
Ethereum (ETH) also moved into consolidation on Tuesday, as prices failed to break out of a key resistance point of $1,350 v ponedeljek.
Earlier in today’s session, ETH/USD moved to a peak of $1,342.14, before then dropping to a bottom at $1,317.24.
Like with bitcoin, today’s consolidation in ethereum comes as traders opted to take profits, after the coin rallied to a multi-week high yesterday.
As can be seen from the chart, yesterday’s gain pushed ETH into overbought territory, leading to a slowing down of upward momentum.
Trenutno, RSI sledi pri 68.08, which is its strongest point since late October, and close to a ceiling of 70.00
In order for bullish momentum to extend recent gains, this ceiling will first need to be overcome.
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