2 years ago
Ethereum was erstwhile again higher connected Monday, arsenic prices of the token moved towards $1,500 pursuing caller gains. Bitcoin was besides successful the green, arsenic prices climbed adjacent to a 1 period high, aft surging supra $22,000 to commencement the week.
Bitcoin
Bitcoin (BTC) was successful the greenish to commencement the week, arsenic the weekend’s bullish momentum continued successful today’s session, sending prices implicit $22,000.
Following Sunday’s debased of $20,778.18, BTC/USD surged to an intraday highest of $22,430.62 earlier today.
The determination has seen bitcoin concisely interruption retired of a cardinal absorption level for the 2nd clip successful nether 10 days, nevertheless it is inactive uncertain if the surge volition beryllium sustained this spell around.
This absorption astatine the $22,300 has been 1 of the main stumbling blocks for terms growth, with bears typically re-entering astatine that point.
As seen connected the chart, this has somewhat already occured with bullish unit turning bearish, arsenic traders wantonness earlier positions, choosing to unafraid gains instead.
This besides coincides with the 14-day RSI hitting a ceiling of its ain astatine 55, which is its highest constituent successful implicit 3 months.
Ethereum
Ethereum (ETH) was the large gainer retired of the apical 2 tokens connected Monday, arsenic it excessively raced to a 1 period high, however, climbing by astir 10% successful the process.
Ethereum started the week by hitting a precocious of $1,493.23 connected Monday, which is its highest constituent since June 12.
This highest comes pursuing six consecutive days of higher highs, pushing ETH past respective cardinal terms hurdles successful the process.
The past of these was the absorption constituent of $1,300 which was breached connected Saturday, and frankincense opening the flood gates to an onslaught of bulls.
Like bitcoin, the 14-day RSI indicator is present tracking astatine a 3 period precocious supra 65, which successful the past has been a constituent of uncertainty.
Although precise close, prices person not yet reached the $1,500 point, and it appears that this is the constituent that bulls are targeting.
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Will ether deed $1,500 by the extremity of the day? Leave your thoughts successful the comments below.
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