Bitcoin, Ethereum Technical Analysis: ETH Back Above $1,300 to Start the Weekend

Ethereum was erstwhile again trading supra $1,300, arsenic cryptocurrency prices roseate to commencement the weekend. Markets were backmost successful the greenish connected Saturday pursuing a volatile week, which came arsenic the U.S. dollar continued to strengthen. Bitcoin besides surged higher, moving backmost supra $19,000.

Bitcoin

Bitcoin (BTC) roseate backmost supra $19,000 connected Saturday, arsenic cryptocurrency markets climbed higher to commencement the weekend.

Earlier successful today’s league BTC/USD rallied to an intraday precocious of $19,237.39, which comes little than a time aft hitting a debased of $18,770.97.

Today’s highest sees the token determination distant from its caller enactment constituent of $18,900, pursuing a mendacious breakout successful yesterday’s session.

BTC/USD – Daily Chart

Looking astatine the chart, the rebound successful terms has besides pushed the 14-day comparative spot scale (RSI) higher, and it’s present moving towards a absorption constituent of its own.

As of writing, the scale is tracking astatine the 46.35 point, which is marginally beneath a absorption level of 48.00.

Should we spot this ceiling broken, past BTC bulls could beryllium 1 measurement person to recapturing the $20,000 mark.

Ethereum

Ethereum was besides trading higher to commencement the weekend, arsenic the token surged pursuing a turbulent week of trading.

Following a determination to a debased of $1,260.67 connected Friday, ETH/USD was backmost supra $1,300 connected Saturday, hitting a highest of $1,306.71 successful the process.

Like with bitcoin above, today’s surge saw ethereum bounce from a cardinal enactment of $1,270, and it is present connected people to deed a absorption level.

ETH/USD – Daily Chart

The aforementioned ceiling is the $1,330 point, which hasn’t been deed since Tuesday, erstwhile bearish unit moved the terms beneath this point.

Bullish sentiment seems to beryllium returning, however, with the RSI present tracking astatine 45.90, which is marginally beneath a ceiling of 46.00.

If momentum remains upward-focused we volition apt spot this constituent breached this weekend, and the token erstwhile again supra $1,330.

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Where bash you expect to spot ether onshore this weekend? Leave your thoughts successful the comments below.

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