Bitcoin, Tehnična analiza Ethereuma: ETH Lower, as USD Gains Following Strong Q3 Earnings

Ethereum was back below the $1,300 level on Wednesday, kot ZDA. dollar rose following better than expected quarterly earnings. So far this earnings season, Netflix, Bank of America, and others have outperformed expectations, highlighting what some view as the resilience of the U.S. gospodarstvo, despite the global slowdown. Bitcoin was also back in the red.

Vsebina

Bitcoin

Bitcoin (BTC) was trading lower on Wednesday, as prices continued to decline following a failed breakout of a resistance at $19,550.

Po visoki vrednosti $19,655.75 v torek, which saw BTC/USD move past the aforementioned ceiling, prices slipped to a low of $19,144.77 danes prej.

Wednesday’s drop sees the token move closer to a breakout below $19,000, with bears likely targeting a floor of $18,900.

BTC/USD – dnevni grafikon

Bearish sentiment has largely been present during what many are calling “red October,” with BTC trading below $20,000 for the majority of the month thus far.

Pogled na grafikon, the 10-day (red) moving average has extended its downward cross with the 25-day (blue), which could be a sign of further declines to come.

Poleg tega, the 14-day relative strength index (RSI) is tracking at 45.50, on its way to a floor at the 44.00 point.

Ethereum

Like BTC, ethereum (ETH) fell for a second consecutive day, as the token moved below the $1,300 level.

Earlier in yesterday’s session, the token was trading above a ceiling of $1,330, however after failing to sustain a breakout, bears reentered the market.

The world’s second largest cryptocurrency fell to an intraday low of $1,291.66, a day removed from hovering at a high of $1,332.49.

ETH/USD – dnevni grafikon

As can be seen from the chart, today’s decline in ETH comes as the 14-day RSI continued to fall from its own ceiling of 46.80.

Trenutno, the index is tracking at 43.47, with the next visible point of support close to the 36.00 region.

Should price strength continue to deteriorate, we could soon see ethereum move further into bearish territory.

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Could we see ethereum fall below $1,300 this week? Pustite svoje misli v spodnjih komentarjih.

Elijah Dambell

Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Trenutno, he acts as a commentator across various asset classes, including Crypto, Delnice in FX.




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