Bitcoin, Ethereum teknisk analys: BTC fortsätter att konsolidera, Priserna flyttas något över $30,000

Bitcoin moved away from Tuesday’s lows during the hump-day session, as prices were once again above $30,000. Prices have been hovering above and below this level over the last few weeks, with no significant gains in the period. ETH was also marginally higher.

Bitcoin

The volatility in crypto markets was once again present during Wednesday’s session, som BTC moved marginally higher.

Over the last few weeks, bitcoin has continued to hover above and below the $30,000 märke, with prices once again making this move today.

Efter en låg av $29,445.88 på tisdag, BTC/USD spiked to an intraday high of $31,489.68 tidigare under dagens pass.

This move comes as bulls once again attempted to breach the $31,500 resistance point, however as on Monday, to no avail.

När jag skrev, the world’s largest cryptocurrency is now trading at $30,218.01, which is still 2.5% higher than yesterday’s bottom.

i alla fall, with bulls likely closing out earlier positions, today’s gains have gradually eased, with the likelihood of prices dropping below $30,000 still on the cards.

Ethereum

ETH, which has also been hovering below a key price point of its own, today rose beyond that level.

The world’s second-largest crypto token fell to an intraday low of $1,729.41 på tisdag, however hump-day has seen prices peak at $1,862.91.

This surge, which sent ethereum back above $1,800, was nearly 4% higher than yesterday’s low, however it was not enough to keep bearish sentiment away.

När jag skrev, and as the day progressed, ETH has fallen below $1,800 once again, as bulls likely secured earlier gains.

Övergripande, ETH handlas för närvarande på $1,792.54, with a renewed level of bearish sentiment looking to push prices towards support at $1,750.

Will we see BTC/ETH continue to consolidate this week? Lämna dina tankar i kommentarerna nedan.

Elijah Dambell

Eliman tar med en eklektisk synvinkel till marknadsanalys, efter att ha arbetat som mäklardirektör, detaljhandelsutbildare, och marknadskommentator i Crypto, Aktier och valuta.

Bildkrediter: Shutterstock, Pixabay, Wiki Commons