Ethereum was once again nearing a breakout of its $1,200 level, as bearish sentiment returned to start the weekend. Following price rebounds on Friday, cryptocurrency markets were back in the red, and are trading 0.68% lower as of writing. Bitcoin also slipped in today’s session.
Vsebina
Bitcoin
Bitcoin (BTC) was once again trading lower to start the weekend, as the token moved back towards a recent price floor.
BTC/USD fell to an intraday low of $16,564.61 in today’s session, which comes less than a day after hitting a high of $16,795.20.
The move sees BTC move closer to this week’s support point of $16,000, which has been in place since the FTX collapse.
Pogled na grafikon, today’s drop in price comes as a hurdle was hit on the 14-day relative strength index (RSI).
This wall of 38.00 on the indicator has seemingly prevented bulls from recapturing the $17,000 označiti, and in turn opened the door to a bearish reentry.
Should Saturday’s bearish momentum continue to intensify throughout the course of the weekend, BTC will likely edge closer to $16,000.
Ethereum
In addition to BTC, ethereum (ETH) also stumbled lower on Saturday, with prices nearing a breakout of the $1,200 level.
Po visoki vrednosti $1,222.20 v petek, the world’s second largest cryptocurrency dropped to a low of $1,200.48 danes prej.
The move came as ETH/USD fell below a recent ceiling of resistance at $1,220, with bulls now fighting to reject any further declines.
Od pisanja, ETH trguje pri $1,209.44, as traders have so far rejected a drop below $1,200.
This is due to two things, first the 10-day (red) moving average has begun to trend upwards, which has brought back a level of bullish sentiment to the token.
Poleg tega, the 14-day relative strength index (RSI) continues to track above a key floor of 37.75, which appears to be a major reason why we haven’t seen any further significant sell-offs.
Register your email here to get weekly price analysis updates sent to your inbox:
Could we see ethereum fall below $1,200 this weekend? Pustite svoje misli v spodnjih komentarjih.
Zasluge za slike: Shutterstock, Pixabay, Wiki Commons
Zavrnitev odgovornosti: Ta članek je zgolj informativne narave. Ne gre za neposredno ponudbo ali nagovarjanje k ponudbi za nakup ali prodajo, ali priporočilo ali odobritev katerega koli izdelka, storitve, ali podjetja. Bitcoin-Tidings.com ne zagotavlja investicije, davek, pravni, ali računovodski nasvet. Niti podjetje niti avtor ne odgovarjata, neposredno ali posredno, za kakršno koli škodo ali izgubo, povzročeno ali domnevno povzročeno z ali v povezavi z uporabo ali zanašanjem na katero koli vsebino, blaga ali storitev, omenjenih v tem članku.
Preberi zavrnitev odgovornosti