Ethereum rose for the seventh consecutive session on Tuesday, with prices briefly topping the $1,600 level. The move brought Ethereum to its highest level in more than a month, and followed Bitcoin’s rise earlier today to its highest level in nearly five weeks.
Bitcoin (BTC) rose to start today’s session, but bullish momentum began to wane as prices encountered some resistance.
On Tuesday, the world’s largest token rose to an intraday high of $22,795.04 as traders continued to feed off the recent bullish sentiment.
This sentiment sawBTC/USD rise to its highest level since June 12, when prices were in the midst of falling from a high of $30,000.