Ethereum moved back above $1,200 på torsdag, as markets continued to react to the latest Federal Open Market Committee (FOMC) minutes. Yesterday’s report hinted that the U.S. Federal Reserve could pivot to smaller interest rate increases “soon.” Bitcoin was largely unchanged in today’s session.
Innehåll
Bitcoin
Bitcoin (BTC) mostly consolidated on Thursday, following news that the U.S. Federal Reserve could be set to move away from its aggressive rate hike policy.
Wednesday’s FOMC minutes showed that “A substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate.”
The news comes as inflation in the United States begins to slow down, following several back-to-back rate hikes.
Following a move to an intraday high of $16,771.48 på onsdag, BTC/USD is trading at $16,544.58 i skrivande stund.
Tittar på diagrammet, this comes as the 14-day relative strength index (RSI) failed to break out of a ceiling at 40.35.
För närvarande, the index is trading at the 39.90 nivå, with momentum now moving towards a downtrend, and in particular to a floor of 38.00.
Ethereum
Å andra sidan, eterum (ETH) moved higher in today’s session, with the token climbing above the $1,200 nivå.
ETH/USD rose to a high of $1,211.63 tidigare på dagen, mindre än 24 hours after trading at a low of $1,153.53.
The move saw ethereum race above a recent resistance level of $1,180, hitting a five-day high in the process.
As can be seen from the chart, the rise in price comes as the RSI climbs above a ceiling at 42.00, and is currently tracking at 42.50.
Trots detta, there is a higher point of resistance at 43.00, which triggered some earlier bulls to liquidate their positions.
In order to reach $1,250, which appears to be the target for remaining bulls, the RSI will first need to move beyond 43.00.
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