ETH climbs over $ 1,200 to start the weekend

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ETH climbs over $ 1,200 to start the weekend

ETH climbs over $ 1,200 to start the weekend
ETH climbs over $ 1,200 to start the weekend

ETH As prices rose for the third consecutive session, it was shifted to the $ 1,200 area to start the weekend. Bullish sentiment has not been seen from crypto markets in recent months, however timely returns have been received BTC Near the highest point this week.

Bitcoin

Bitcoin entered the weekend trade green as the bulls extended the latest run for the third consecutive session.

Following a low of $ 20,794.19 during Friday’s session, BTC/ USD touched an intraday high of $ 21,520.91 on Saturday.

Bitcoin traded higher today after hitting $ 21,732 on Tuesday.

ETH climbs over $ 1,200 to start the weekend
ETH climbs over $ 1,200 to start the weekend
BTC/ USD – Daily chart

This seems to be the next goal for the bulls, who have to cross this hurdle to reach the next target of $ 22,000.

Looking at the chart, there is another hurdle they have to overcome first, which is the 36.45 ceiling on the RSI.

If we want to see this point broken, the boom will increase and lead to prices for the respective targets.

Ethereum

Following some confusion in the middle of the week, ETH The weekend trade started with a rise as the booming sentiment returned.

The price of the world’s second-largest cryptocurrency fell to $ 1,146.52 yesterday, hitting a high of $ 1,238.62 on Saturday.

As discussed yesterday, the bulls re-entered with significant pressure after breaking the $ 1,190 barrier.

Bitcoin, Ethereum Technology Analysis: ETH Rises Over $ 1,200 To Start Weekend
ETH/ USD – Daily chart

As of writing, ETH is at its highest level in nine days and has increased by almost 10% in the last seven days.

Similar BTCethereum faced a resistance point via the 14-day RSI, which may see a slight drop in upward momentum until it breaks.

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Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your research and reach out to financial advisors before making any investment decisions.

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