Ethereum hits 1,200 on Thursday as markets continue exceeded the dollar. To keep up with the latest Federal Open Market Committee (FOMC) minutes. Yesterday’s report hinted that the US Federal Reserve may turn toward a smaller interest rate hike “soon”. Bitcoin was largely unchanged in today’s session.
Bitcoin
Bitcoin (BTC) could lead the US Federal Reserve (Fed) to move away from its aggressive rate hike policy Most were higher on Thursday after news of a
His FOMC meeting minutes on Wednesday showed that “a majority of participants judged that a slowdown in the pace of the rise was likely to be appropriate soon.”
The news comes as US inflation begins to slow after several consecutive rate hikes.
After moving to intraday high of $16,771.48 on Wednesday,BTC/USD is trading at $16,544.58 at the time of writing. Looking at the
chart, this is because his 14-day Relative Strength Index (RSI) failed to break through his 40.35 ceiling.
Currently, the index is trading at the 39.90 level and momentum is now trending downwards, especially towards the 38.00 lower bound.
Ethereum
Meanwhile Ethereum (ETH) rose in today’s session with tokens rising . Over $1,200.
ETH/USD traded at a low of $1,153.53 and within 24 hours he rose to a high of $1,211.63 earlier in the day.
The move sent Ethereum above the recent resistance level of $1,180, reaching a 5-day high in the process.
chart, price increases are accompanied by RSI increases It has crossed the 42.00 ceiling and is currently tracking 42.50.
Nevertheless, there is a higher resistance point at 43.00, which has prompted several previous bulls to liquidate their positions.
To reach $1,250, the RSI needs to break above 43.00 first as it is likely the target for the rest of the bulls.
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